mhkdgal
Level 4

Thanks IRonMaN,

Additional question:  If I prepare the corrected W-2, then does the S-corp still deduct the full amount of the auto expenses (100%) on the S-corp return?  I am thinking yes, the S-corp deducts the full amount and the shareholder obviously reports the personal use share on personal 1040 through the W-2 numbers.  Is that correct?

Thank you!

 

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