topic Deductions for S Corporation on Personal Tax Return in Deductions & credits

Deductions for S Corporation on Personal Tax Return

Mig1980 — Tue, 24 Feb 2026 06:44:03 GMT

Good day. I am working to file my taxes using Turbo Tax Deluxe 2022. My wife and I opened a small business (mobile beverage truck) late last year.

I filed my business taxes as an S Corpration for myself and my other partners. We all received Schedule K-1 and I have entered the information on my personal tax return.

I am trying to figure out where to enter expenses for the business that my wife and I had from the business? Would they go under Schedule C or somewhere else?

Re: Deductions for S Corporation on Personal Tax Return

Mike9241 — Sat, 17 Jun 2023 08:50:11 GMT

it is not clear whether the S-corp is the same as beverage truck business. please clarify this.

also, what was the nature of the expenses you and your spouse incurred?

Re: Deductions for S Corporation on Personal Tax Return

Mig1980 — Sat, 17 Jun 2023 15:57:02 GMT

Yes, the beverage truck business is an S Corp. We are looking to deduct home office expenses for managing the business and vehicle expenses (are cars used to manage the business)

Re: Deductions for S Corporation on Personal Tax Return

Critter-3 — Sat, 17 Jun 2023 16:10:53 GMT

Sorry, but unlike a partnership, the home office expenses are not deductible on the personal return. If the corp doesn't own the home you can "rent" space to the company and the rent would be a deduction on the corp return but the income would have to be reported on the Sch E or Sch C on the personal return along with the correlating expenses. Hopefully you and anyone else working the business are on the payroll and filing proper payroll tax reports and issuing yourself W-2 forms. From 2018 thru 2025 an employee cannot deduct employee business expenses on a personal tax return Sch A.

Re: Deductions for S Corporation on Personal Tax Return

Mig1980 — Sat, 17 Jun 2023 16:15:57 GMT

Thank you for that information. What about vehicle expenses for my personal vehicles that are being used for business use as well for the S Corp?

Re: Deductions for S Corporation on Personal Tax Return

Anonymous_ — Sat, 17 Jun 2023 16:25:07 GMT

With respect to the vehicles you own, the answer is primarily the same as the answer @Critter-3 posted with regard to your home office; the corporation can reimburse you for your expenses and deduct those expenses on its 1120-S.

Re: Deductions for S Corporation on Personal Tax Return

Mig1980 — Sat, 17 Jun 2023 16:30:24 GMT

Just to be clear, vehicle deductions can only be reimbursed from the S Corp? I can't claim those expenses as deductions on my personal taxes since S Corp passes tax liabilities to the partners?

Re: Deductions for S Corporation on Personal Tax Return

Anonymous_ — Sat, 17 Jun 2023 16:36:50 GMT

Yes, because you are an employee of the S corporation if you perform services for the corporation.

S corporations have shareholders (many of whom are also employees), not partners as do partnerships or multi-member LLCs (which default to partnership status for federal income tax purposes).

Re: Deductions for S Corporation on Personal Tax Return

Critter-3 — Sat, 17 Jun 2023 16:42:36 GMT

You need to get some education on this matter ... please read up on the Accountable/Nonacountable plans here : https://www.irs.gov/pub/irs-pdf/p463.pdf