USA Fuel?


Edm

Joined
Feb 5, 2019
Messages
1
Reaction score
0
Country
United States
If I'm going to take the standard milage deduction on my business truck how should I record the fuel and insurance, etc. In QuickBooks?
 
Ad

Advertisements

Steve-LevelUp

VIP Member
Joined
Jul 18, 2016
Messages
308
Reaction score
43
Country
Canada
I'm not an expert in the US, but in short, you wouldn't. Because you are taking a standard deduction/reimbursement per mile, this includes all costs, fuel, insurance, repairs, etc. So fuel and insurance would be a 'personal' expense and only the mileage fees would be deductible.
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top