Yes, you can use 'other expenses' to deduct expenses paid by the partnership for vehicles owned by the partners on your partnership return once they have been reimbursed.
No, you cannot increase the business capital account (percent of ownership) and deduct the business expenses. The partnership must actually pay the expenses to your husband if a deduction is what you want on the tax return. The advice provided by our Tax Expert @AliciaP1 is exactly how it should be handled.
In the situation you described, your husband can give money to increase his percentage of ownership, but the partnership must spend the money to reimburse the vehicle expenses of it's partners if you want a deduction at the partnership level.
@ART05
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
