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Business & farm
The S-Corp can't depreciate property it does not own. The car will not be listed anywhere on your 1120-S corporate return at all.
At best, the S-Corp can reimburse you for actual expenses that you can provide receipts to the S-Corp for. But if it's not reimbursed through an accountable plan, that reimbursement gets included in box 1 of your W-2 and is taxable income. It's not deductible at all on your personal tax return.
March 10, 2020
3:45 PM