LLC andCar Purchase Form 1065

[flipz]

My husband and I own a LLC. In 2019 I used the cash proceeds from the LLC to purchase a vehicle.  The vehicle is used about 25%  for business and about 75% personal.  Can I report the purchase on my personal taxes rather than the LLC Business tax form 1065?

Does it matter what name the vehicle is registered? 

[DianeC958]

Yes, you can report the car on your personal return as Unreimbursed Partnership Expenses in the K-1 section of TurboTax and have the car registered in your name.

Since the car is less than 50% business use  you would take mileage expense.  For 2019 the mileage rate is 58 cents per mile.  

You do need to have a mileage log that shows the date, business purposes and number of miles driven.