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My wife was given a company car to drive. It is wrapped with the company name, logo and business info. She was told to use it for business and personal use as this would be free advertising for them. They pay for all expenses and do not include this as income on her W-2. Do we need to report this on our personal tax return?
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As you mentioned all expense paid by the company also these expenses are not included on her W-2.
No, you cannot deduct any expense on your personal tax return.
As you mentioned all expense paid by the company also these expenses are not included on her W-2.
No, you cannot deduct any expense on your personal tax return.
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