Business
Demo Trucking LLC
Demo Owner Operator
Kearney, MO, 64060
Tax Year
2026
Income Sch. C, Part I — Line 1
| Linehaul | $95,691.24 |
| Fuel surcharge | $10,472.53 |
| Detention | $1,278.02 |
| Accessorial / other pay | $1,291.90 |
| Gross income | $108,733.69 |
59 loads 44,774 total miles (41,194 loaded · 3,580 empty)
Deductible Expenses Sch. C, Part II
| Fuel Line 9 — Car & truck | $29,779.92 |
| Repairs & maintenance Line 9 — Car & truck | $4,171.79 |
| Business loan interest Line 16b — Interest | $4,145.00 |
| Insurance Line 16a | $10,499.38 |
| Phone Line 21 | $485.35 |
| Legal & professional Line 17 | $1,145.98 |
| Tolls Line 27a — Other | $588.07 |
| Scales Line 27a — Other | $99.39 |
| Lumper fees Line 27a — Other | $1,601.55 |
| Parking Line 27a — Other | $244.24 |
| Supplies Line 27a — Other | $214.01 |
| Total deductible expenses | $52,974.68 |
Per Diem — Meals & Incidentals Sch. C, Part II — Line 24b
| Full overnight days × $80/day | 59 days |
| Partial overnight days × $60/day | 0 days |
| Deductible at 80% (your Sch. C deduction) | $3,776.00 |
Annual Summary
| Gross income | $108,733.69 |
| Less: total deductible expenses | $52,974.68 |
| Less: per diem deduction | $3,776.00 |
| Net (income − all deductions) | $55,759.01 |
Revenue/mile $2.43 Profit/mile $1.16 Operating ratio 52.2%
Loan Principal Paid · for reference only
| Principal paid (not a Sch. C deduction) | $11,500.00 |
Principal reduces your loan balance — it is not deductible. Only the interest portion is a Schedule C deduction (shown above under Line 16b).
Estimated Tax Payments Made · total $10,967.38
| Quarter | Date | Amount | Confirmation |
|---|---|---|---|
| Q1 | Apr 15, 2026 | $10,967.38 | DEMO40421585 |
Fuel by State · IFTA reference
| State | Gallons | Total |
|---|---|---|
| TX | 2159.9 | $8,949.22 |
| AZ | 1388.9 | $5,762.11 |
| AR | 1166.1 | $4,891.92 |
| AL | 1062.9 | $4,338.17 |
| OK | 729.8 | $2,961.66 |
| LA | 710.6 | $2,876.84 |
Figures for your records or your CPA — this is not tax advice and no tax is calculated. Schedule C line references are provided as general guidance only; confirm with your tax professional. Per diem uses the IRS special transportation industry rate ($80 full day · $60 partial day) × 80% deductible — confirm the current year's rate with your CPA. Depreciation rules and Section 179 limits change annually; the Asset Purchases table provides cost basis only.