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Posted: 4 years, 8 months ago
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Does anyone know if I can somehow write off working on my truck? I know I can write off parts I buy but is there a deduction for my labor? Ive been told by other truckers that work on their own trucks that there is a deduction for the labor.I cannot find anything on the IRS website to answer that question or instruct me how Thanks in advance for any info
Posted: 4 years, 8 months ago
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Taxes
Yes I'm doing my taxes for the first time and there are alot of questions I'm not finding answers for. I have heard from other truckers that they have took a deduction for the labor on their own trucks. I have heard you can and you can't. Ive looked on the IRS website and a few other sites to no avail. If I can deduct for labor I would need to know where to claim it on my tax forms and how to calculate Thanks in advance