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