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chipbrowne
Level 1

TurboTax Business 2020: Where do I enter my mileage deduction?

In TurboTax Business 2020: Where do I enter my mileage deduction?

 

TurboTax Mileage Deduction.png

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Accepted Solutions
martinmarks
Level 9

TurboTax Business 2020: Where do I enter my mileage deduction?

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.

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2 Replies
martinmarks
Level 9

TurboTax Business 2020: Where do I enter my mileage deduction?

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.

View solution in original post

chipbrowne
Level 1

TurboTax Business 2020: Where do I enter my mileage deduction?

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.

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