Why not on the truck? Your using it as a part of the business! someone please explain...my tax lady said I can write-off gas in equip but not gas in truck?
I fill up once a week and pull in between 2 pumps; fill truck with 1st and all equipment and cans with 2nd pump. I get 2 receipts and keep them just in case; but the lesser receipt is my trailer stuff....
I'm interested also in what others do.
That is correct, you can either take the standard 41 cents / mile deduction and be done with it, OR you can itemize all your truck's expenses, most folks go with the mileage deduction because it's easier for one, but itemizing is really only worth it if it means a sizeable difference in your favor.You write off fuel if you write off the truck and it's expenses. You don't write it off if you use a mileage deduction.
Keep your equipment fuel seperate no matter what. You write off equipment fuel. Also, keep up with your gallons for your equipment and you can get a credit for the highway use tax added to that fuel you use.