Fuel?

USA Discussion in 'Accounting Software' started by Edm, Feb 5, 2019.

  1. Edm

    Edm

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    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?
     
    Edm, Feb 5, 2019
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  2. Edm

    Steve-LevelUp VIP Member

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    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.
     
    Steve-LevelUp, Feb 6, 2019
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