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Page 2 of Publication 463 says: "You should read this publication if you are an employee or a sole proprietor". I'm not an employee, but I'm a part-owner of a partnership LLC. Which publication should I read regarding my car expenses related to my business? Thanks.
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If you are are taking the expenses as unreimbursed partnership expenses, this publication will apply to you as well. If your partnerships does have a reimbursement plan in place you can search Publication 535 for reimbursements (Chapter 11)
@MaryK1, my own LLC will reimburse me for car expenses related to business-use and issue Schedule K-1. In publication 463, table 6-1 (page 31) summarizes reimbursements. However, it refers to form W-2 which I don't receive (and form 2106 that I'm ineligible to file). So how can my LLC reimburse its part-owner for car expenses under a non-accountable plan? Thanks.
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