We file a K1 form for our business. Can we deduct mileage to our personal vehicles for errands for the business?

[IreneS]

Is the business an S-Corp or a partnership?

[carlson1988]

S-Corp

[IreneS]

Since you are considered an employee of the S-Corp, you can deduct the business mileage for your personal vehicles as an unreimbursed employee expense.

Please keep in mind that your expenses will only be deductible IF:

• You itemize your deductions (Schedule A); AND
• All of your unreimbursed employee business expenses and other miscellaneous itemized deductions added together are more than 2% of your AGI.  [Only the amount over 2% AGI is deductible.] 

To include unreimbursed employee expenses in your return, please follow these steps:

1. Click on Federal Taxes [Personal in TurboTax Self-Employed] > Deductions & Credits.
2. Scroll down to the Employment Expenses section and click on the Start/Revisit box next to Job Expenses for W-2 Income.  [See Screenshot #1, below.]
3. On the Employment Expenses Related to a W-2 screen mark the Yes button and click Continue. [Screenshot #2]
4. On the screen, Any Vehicle Expenses or Sales?  Click the blue Yes box. 
   
5. Continue through the screens entering the requested information. 

[examiner27]

And what about the home office and the mileage (like other expenses) in a partnership when the partnership is based on providing services to clients from each partner home office (virtual office) and visit clients in their businesses. (No S-Corp)

[Critter]

After you enter the information from the lines of Schedule K-1, you will reach a screen titled "Describe the Partnership".  You will check the box for "I am required to pay supplemental business expenses on behalf of the partnership/LLC for which I am not reimbursed".  TurboTax will then walk you through entering the business expenses that you paid personally.

[jdatbs]

What happened to the TCJA's elimination of 2% threshold employee business expenses, effective 01/01/2018?

[CatinaT1]

The posts above that show from June 2019 - those were migrated over from an old system, so they are actually much older posts than they appear.  The posts from November are regarding a Partnership.

The elimination of 2% threshold employee business expenses is still in place.