Can I deduct the cost of renting a truck?

The answer is yes if you are using the truck for business purposes.

If you rent a truck to pick up day care equipment that is used 100% for your business, deduct 100% of the cost of the rental, including gas.

If you are transporting items used by your family and your business (patio furniture, appliances, hauling trash, etc.) deduct your time-space % of the cost.

Enter this expense on Schedule C, line 20a.

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