Business & farm

Since you are considered an employee of the S-Corp, you can deduct the business mileage for your personal vehicles as an unreimbursed employee expense.

Please keep in mind that your expenses will only be deductible IF:

• You itemize your deductions (Schedule A); AND
• All of your unreimbursed employee business expenses and other miscellaneous itemized deductions added together are more than 2% of your AGI.  [Only the amount over 2% AGI is deductible.] 

To include unreimbursed employee expenses in your return, please follow these steps:

1. Click on Federal Taxes [Personal in TurboTax Self-Employed] > Deductions & Credits.
2. Scroll down to the Employment Expenses section and click on the Start/Revisit box next to Job Expenses for W-2 Income.  [See Screenshot #1, below.]
3. On the Employment Expenses Related to a W-2 screen mark the Yes button and click Continue. [Screenshot #2]
4. On the screen, Any Vehicle Expenses or Sales?  Click the blue Yes box. 
   
5. Continue through the screens entering the requested information.