Vehicle Expenses Question

Forum|Forum|7 years ago
June 4, 2019
1 reply
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Our business is registered as a LLC, but we file as an S Corp. There are no company owned or leased vehicles. However, we do utilize our personal vehicle for business purposes at times. The question pertains to whether those expenses (i.e. mileage or fuel, repairs, maintenance, etc.) can be claimed by the LLC business?

TurboTax Business Windows

Best answer by DavidD66

I suggest you create and submit expense reports for the use of your personal vehicles. Have the company reimburse you, and then the company can expense the reimbursement.

DavidD66Answer

Level 15

I suggest you create and submit expense reports for the use of your personal vehicles. Have the company reimburse you, and then the company can expense the reimbursement.

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