Business
Demo Trucking LLC
Demo Owner Operator
Kearney, MO, 64060
Tax Year
2026
Income Sch. C, Part I — Line 1
| Linehaul | $88,642.19 |
| Fuel surcharge | $10,038.71 |
| Detention | $2,451.23 |
| Accessorial / other pay | $450.70 |
| Gross income | $101,582.83 |
65 loads 42,623 total miles (39,130 loaded · 3,493 empty)
Deductible Expenses Sch. C, Part II
| Fuel Line 9 — Car & truck | $26,892.85 |
| Repairs & maintenance Line 9 — Car & truck | $2,308.10 |
| Business loan interest Line 16b — Interest | $4,145.00 |
| Insurance Line 16a | $10,499.38 |
| Phone Line 21 | $383.06 |
| Legal & professional Line 17 | $1,836.68 |
| Tolls Line 27a — Other | $618.75 |
| Scales Line 27a — Other | $96.91 |
| Lumper fees Line 27a — Other | $1,863.21 |
| Parking Line 27a — Other | $176.11 |
| Supplies Line 27a — Other | $169.65 |
| Total deductible expenses | $48,989.70 |
Per Diem — Meals & Incidentals Sch. C, Part II — Line 24b
| Full overnight days × $80/day | 65 days |
| Partial overnight days × $60/day | 0 days |
| Deductible at 80% (your Sch. C deduction) | $4,160.00 |
Annual Summary
| Gross income | $101,582.83 |
| Less: total deductible expenses | $48,989.70 |
| Less: per diem deduction | $4,160.00 |
| Net (income − all deductions) | $52,593.13 |
Revenue/mile $2.38 Profit/mile $1.14 Operating ratio 52.3%
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 | 2420.9 | $9,998.57 |
| AZ | 1254.6 | $5,153.29 |
| AR | 1098.5 | $4,387.64 |
| AL | 801.6 | $3,327.77 |
| LA | 561.6 | $2,246.94 |
| OK | 429.0 | $1,778.64 |
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.