topic Can a business rent a vehicle and or equipment from another s corp owned by same owners? in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/can-a-business-rent-a-vehicle-and-or-equipment-from-another-s-corp-owned-by-same-owners/01/3121803#M1144412 <P>Can a business rent a vehicle and or equipment from another s corp owned by same owners?</P> Tue, 02 Jan 2024 00:52:03 GMT cbusa 2024-01-02T00:52:03Z Can a business rent a vehicle and or equipment from another s corp owned by same owners? https://ttlc.intuit.com/community/taxes/discussion/can-a-business-rent-a-vehicle-and-or-equipment-from-another-s-corp-owned-by-same-owners/01/3121803#M1144412 <P>Can a business rent a vehicle and or equipment from another s corp owned by same owners?</P> Tue, 02 Jan 2024 00:52:03 GMT https://ttlc.intuit.com/community/taxes/discussion/can-a-business-rent-a-vehicle-and-or-equipment-from-another-s-corp-owned-by-same-owners/01/3121803#M1144412 cbusa 2024-01-02T00:52:03Z Re: Can a business rent a vehicle and or equipment from another s corp owned by same owners? https://ttlc.intuit.com/community/taxes/discussion/re-can-a-business-rent-a-vehicle-and-or-equipment-from-another-s-corp-owned-by-same-owners/01/3121826#M1144414 <P>Yes; the S corporation is a separate and distinct entity for that purpose.</P> <P>&nbsp;</P> <P>The owners of the vehicle (or any other property) could also rent it directly to the corporation.</P> Tue, 02 Jan 2024 01:54:24 GMT https://ttlc.intuit.com/community/taxes/discussion/re-can-a-business-rent-a-vehicle-and-or-equipment-from-another-s-corp-owned-by-same-owners/01/3121826#M1144414 Anonymous_ 2024-01-02T01:54:24Z