Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Tax deduction for a fleet of SCorp owned Vans

dkutej
Level 2

Where do you deduct fuel and repairs for a fleet of vans owned by the SCorp in Proseries?

0 Cheers
1 Solution

Accepted Solutions
IRonMaN
Level 15

Ok, then you should be a little familiar with the form.  If you don't see a line item on the face of the 1120S, then you move to on to the "other expense" section of the return.  That is where you will see the menu of what you have to choose from for additional expenses.


Slava Ukraini!

View solution in original post

6 Comments 6
sjrcpa
Level 15

Your choice - lump all as Vehicle Expense, or deduct each category separately.


Ex-AllStar
dkutej
Level 2

So there isnt a specific line for it like on the schedule C? 

0 Cheers
IRonMaN
Level 15

Is this the first Sub S return you have prepared?


Slava Ukraini!
0 Cheers
dkutej
Level 2

No, but its the first one with vehicle expenses.

0 Cheers
IRonMaN
Level 15

Ok, then you should be a little familiar with the form.  If you don't see a line item on the face of the 1120S, then you move to on to the "other expense" section of the return.  That is where you will see the menu of what you have to choose from for additional expenses.


Slava Ukraini!
dkutej
Level 2

OK thanks!  Yes that's where I was going to put it but it just seemed weird to me there wasn't a specific line for it.