Eld monthly subscription fees
What account should I book my monthly eld subscription fees to?
Is this a good question?
This houses general site questions, issues and feature requests.
On the Schedule C, Line 10 “Commissions & fees” is where I put mine. However, one could also argue they should be put on line 17, or 18, or 22. They really are all subjective, but having been through an audit, they don’t care where on expenses you put it, they only care that it’s really a valid expense. If you list your 75” UHD TV under supplies, office expenses, etc., it would be very difficult to validate that as a true expense in a trucking operation, unless you have 20 trucks or so and have a driver’s break room. So you see how fungible expenses can be.
Also, you no longer need receipts for items under $75, they just need to be logged. I put mine in an Excel spreadsheet itemized such as; windshield wiper, oil, etc..
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