mhkdgal
Level 4
03-23-2023
10:43 AM
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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!