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Deductions & credits
Yes, it's possible. Pay yourself for the expenses through the S Corporation and the S Corporation will maintain the receipts and take the deduction for the expenses. There is no need to show this on your tax return because you are simply being reimbursed by the S Corporation.
Keep in mind that the date the S Corporation pays you will be the year the deduction can be claimed on their tax return.
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‎January 20, 2022
7:01 AM
2,826 Views