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Level 2
Mar 11, 2025 9:55 PM UTC
Question

general partnership

how do I account for personal vehicle use in general partnership

1 reply

MaryK4
Alumni - Intuit
Mar 12, 2025 1:36 AM UTC

Go to your K-1 entry and you will see a screen that says "Describe the Partnership".  Here you can check "I am required to pay supplemental business expenses on behalf of the partnership/LLC for which I am not reimbursed." 

 

You can deduct on your individual tax return certain expenses you pay personally conducting partnership business, such as automobile and home office expenses. The partnership agreement must indicate that the partners are required to cover these expenses. 

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