@UnWrapYourHome wrote:
If this vehicle is used 80% for business and 20% for personal I imagine I will only be able to claim 80% of the total interest paid during 2024.
No, it is 100% business use. A corporation does not have personal use. If the employees/shareholders used it for personal use, that is taxable wages that must be included on their W-2. Just be sure not to deduct that 'extra' amount on the W-2 on the 1120-S because it is already being deducted as a vehicle expense.
