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Nondeductible (personal use) automobile expenses are not populating on the K-1 and are being deducted in full on page 1 of the 1120S in Turbo Tax.

Nondeductible (personal use) automobile expenses are not populating on the K-1 and are being deducted in full on page 1 of the 1120S in Turbo Tax.

 

I have selected the option to deduct actual auto expense (rather than standard mileage rate) and have entered my business use percentage.   Depreciation is being calculated with the business use percentage factored in, but the other automobile expenses are not being adjusted to the correct amount.

 

 

 

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1 Reply
DaveF1006
Expert Alumni

Nondeductible (personal use) automobile expenses are not populating on the K-1 and are being deducted in full on page 1 of the 1120S in Turbo Tax.

Are there other shareholders in the 1120S? If there are multiple K1's, then those expenses will be claimed by the other shareholders in accordance with their ownership percentage. 

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