In TurboTax Business 2020: Where do I enter my mileage deduction?
You'll need to sign in or create an account to connect with an expert.
Your C corp can reimburse employees at a standard rate or use actual expenses for corp owned vehicles.....the corp can't use the standard rate for vehicles it owns as it must use actual expenses.
Your C corp can reimburse employees at a standard rate or use actual expenses for corp owned vehicles.....the corp can't use the standard rate for vehicles it owns as it must use actual expenses.
I will report this expense to the C corp as the personal use of business vehicles and include it as an employee benefit amount in W-2 wages.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
VAer
Level 4
coolcarn1sam
Level 3
Irasaco
Level 2
creditrepairserv
New Member
mazeo2023-gmail-
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.