Doo
New Member

New Vehicle under personal name for sole owner s corp

I am the sole owner for s corp.  In 2018, I bought an electric vehicle Tesla S under my name.  My questions are: 1. Do I list the vehicle as S corp asset? 2. If yes, am I putting the loan liability as S corp liability even though the loan is under my personal name? 3. I am entitled to $7500 federal tax credit.  Do I file form 8936 on both my personal return and s corp?  4. Should I put the credit on K-1, part III #13, code P for the credit on business use?