- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
If the LLC/corporation does not own the vehicle, it can't deduct it. It would either need to reimburse you (personally) for those miles, or you would need to deduct it as a personal Job Expense (which is limited).
I *HIGHLY* recommend going to a tax professional to learn how corporations work. Doing things wrong can EASILY cost thousands of dollars.
I *HIGHLY* recommend going to a tax professional to learn how corporations work. Doing things wrong can EASILY cost thousands of dollars.
‎June 5, 2019
3:51 PM