- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
TurboTax Business 2020: Where do I enter my mileage deduction?
In TurboTax Business 2020: Where do I enter my mileage deduction?
Topics:
July 27, 2021
2:42 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
Your C corp can reimburse employees at a standard rate or use actual expenses for corp owned vehicles.....the corp can't use the standard rate for vehicles it owns as it must use actual expenses.
July 27, 2021
3:33 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
I will report this expense to the C corp as the personal use of business vehicles and include it as an employee benefit amount in W-2 wages.
July 28, 2021
2:49 AM