S-corporation 50% shareholder used a company owned vehicle.  The payroll person/company did NOT include the value of the personal use of the vehicle on the s-corp owner's W-2 for 2022.

I realize one way to correct this is to prepare and issue a corrected W-2 to this shareholder that properly includes the value of the personal use of the company vehicle.

Is there another way to reflect the personal use of the vehicle on the S-Corp tax return and resulting K-1 to that shareholder instead of issuing a corrected W-2?    

Thanks in advance for your help!