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Level 1

Truck Driver repair expenses/deductions

I own a semi truck. I started QB self-employed last year. Since the truck is the business, all of my repairs are tax deductible.  But when my quarterly taxes were figured up, QB did not recognize the repairs as deductions. I had to go in and manually move all those transactions to "other business expenses" to get an accurate estimated quarterly tax payment.

 

Is there a way to make ''Vehicle Repairs" automatically count as deductions.   Or is their a way to specifically set up QB self-employed that is optimal for owner/operator truck drivers?  It's just me ant the truck. I don't have any other trucks or employees.

Solved
Best answer March 10, 2019

Best Answers
Moderator

Truck Driver repair expenses/deductions

Let me give you an overview on how QBSE tracks vehicle expenses, petroldog

 

Repair expenses in QuickBooks Self-Employed are considered as actual expenses and are not deductible. This is because the system is following the standard deduction.

 

You can refer to these articles for more details:

Since we can't give direct accounting options, it would still be best to consult an accountant. They can give you more ways to track these expenses for easy filing to the agency.

 

I'm always here if you need anything else. Thanks for dropping by.

View solution in original post

3 Comments
Moderator

Truck Driver repair expenses/deductions

Let me give you an overview on how QBSE tracks vehicle expenses, petroldog

 

Repair expenses in QuickBooks Self-Employed are considered as actual expenses and are not deductible. This is because the system is following the standard deduction.

 

You can refer to these articles for more details:

Since we can't give direct accounting options, it would still be best to consult an accountant. They can give you more ways to track these expenses for easy filing to the agency.

 

I'm always here if you need anything else. Thanks for dropping by.

View solution in original post

Level 1

Truck Driver repair expenses/deductions

how do you get the detailed expense accounts that make up the auto and truck total?

QuickBooks Team

Truck Driver repair expenses/deductions

Hi there, @danawhite11-comc.

 

I see the duplicate post of your concern where my colleague, MaryJoyD responded.

 

I'd like to route you to your similar post by clicking this link: https://quickbooks.intuit.com/learn-support/en-us/reports-and-accounting/how-to-get-the-detailed-exp....

 

For future reference about tracking your vehicle expenses in QuickBooks, you may check out this article: Learn about standard mileage and actual expenses deduction methods. 

 

Please know that you can always post here if you have concerns while working with QuickBooks. I'm always here to help you. Thanks for dropping by. 

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