Section 179 Deduction S Corp with Owner Co-Signer?

[cbusa]

A lot of the few remaining 0% offers for vehicle purchases require one to take out the loan in the owners name, is this a problem with the section 179 deduction for a business vehicle purchase?

[Anonymous_ · Accepted solution]

Merely co-signing should not present an issue with respect to the S corporation taking any deductions.

[Critter-3]

Since the S-Corp is a pass thru entity so the limitations  on the 179 deduction is based on the personal return of the owner getting the K-1 form.