Thank you for your reply. We prepare our business taxes as 1065 to issue a schedule K-1 for our 1040. So we don't use Schedule C. Could you send me the steps to...

Thank you for your replies everyone. This is a two-member LLC (my husband and I). Taxes are prepared on 1065 to then issue K-1 for our 1040. We are working in T...

Thank you Mike 9241 for your information. It's me and my husband so two-owner LLC. The question I have is where do I show the FMV of the vehicle on taxes. I'm w...