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Terminato13
New Member

Business Miles Deduction

If I transfer title of my car to my S-Corporation, how would mile deductions work? Could my corporation deduct the commute to and from my workplace? If not, what mileage could it deduct? Thanks!

2 Replies
tagteam
Level 15

Business Miles Deduction

What you are proposing will not work in the manner in which you intend.

 

As a shareholder-employee, you will have to include personal use of the car in your gross income (and commuting miles will be considered as personal use).

Critter-3
Level 15

Business Miles Deduction

What your company can do is reimburse you for the business use of the car since you are a W-2 employee of the company under an accountable plan.  

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