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