peauff
Level 3
01-29-2020
07:36 AM
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Is there a preferred method for reimbursing an S Corp shareholder/officer for business use of their vehicle? They have identified business, commuting and total miles driven. My understanding is that if reported on the S Corp return only actual expenses reimbursed to the officer can be claimed. Would it be best to claim $.58 per mile X business miles on their personal 1040?
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