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Deductions & credits
@JoannaB2 Thank you for the reply! It sounds like I just get to choose which deduction would work best for the mileage vs actual expenses. Do I enter that under "vehicle expenses" on the 1120 s?
Do I make the Section 179 deduction on the 1120s form even if the vehicle is owned personally and not by the S corp? and if so, where do I input that on the Turbo Tax Business edition?
‎February 23, 2021
4:27 PM