Discussion:S Corp Auto Expense

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Discussion Forum Index --> Tax Questions --> S Corp Auto Expense

Anchorman (talk|edits) said:

11 April 2007
Client has an S Corp and 13,000 business miles driven; will use mileage rate. Does this go on the 1120S as "other deductions" or on the 1040... (as a Form 2106 expense)?

Thanks much Jim F

SunGod (talk|edits) said:

11 April 2007
Ideally, your client should get reimbursed for business miles driven from the S-Corp. S-Corp can writeoff the mileage reimbursed as a business expense. The receipt of mileage reimbursement will be non-taxable to the client.

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