I use my personal vehicle 53% of the time in my S-Corp business. I maintain a mileage log and also set up an Accountable Plan Agreement to reimburse me for these personally paid but business related expenses for my S-Corp. How/Where do I itemize these personal vehicle related business expenses in the Turbo Tax Business Program?
NOTE: Prior to the 2019 tax year I would deduct these expenses through my 1040 return.
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Create a deduction that is descriptive and makes sense to you. Follow these steps.
Create a deduction that is descriptive and makes sense to you. Follow these steps.
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