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Discussion in 'Business Operations' started by johntx14, Mar 19, 2012.
For tax purposes do the gas receipts need to show the amount of gallons.
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keep up with mileage driven not gas purchased on your truck. as far as mower gas that's a different story since it's not covered under mileage.
yep that's what I do. turn in my mileage.
For mower gas, you need to keep track of gallons for credit for tax on fuels (Form 4136). You can deduct the federal taxes on fuel.
Truck gas is deductible as long as your not using standard mileage.
Unless you take expenses rather than the mileage. I take mileage.
yeah you can take the expenses you spent on gas but you come out better claiming the mileage. at least in my experience. it's best to take mileage on the truck and use expenses on mower gas rather than using expenses for all of it.
personally I turn in my mileage on my truck since its both a personal and work truck.
fuel on equipment is just included in my expenses for the season.
Milage for your truck. Fuel cost ($) for your equipment. Gallons not needed
yeah i do the same.