The SBA provided additional guidance last week for Schedule C filers. We wrote a blog post on this last week.
We continue to get questions regarding gasoline being considered a utility cost. On page 9 of the guidance at about the fifth line down, the guidance is worded as follows:
“and business utility payments (e.g., the cost of electricity in the warehouse you rent or gas you use driving your business vehicle).”
The SBA, at least for Schedule C filers, consider gas used in a business vehicle as being a utility. Now does this apply to a corporation, Schedule F or partnership entity. We would assume so since gas is gas, but this is only guidance that we have so far on this issue.
So the bottom line is that gas is a utility according to the SBA.
