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    • Created with Sketch. The 9/15 deadline is quickly approaching! Check out our Hot Topics ProSeries | Lacerte | ProConnect
    Created with Sketch. The 9/15 deadline is quickly approaching! Check out our Hot Topics ProSeries | Lacerte | ProConnect
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    Tax deduction for a fleet of SCorp owned Vans

    dkutej
    Level 2
    ‎08-17-2022 04:34 PM

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

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    IRonMaN
    Level 15
    ‎08-18-2022 10:23 AM

    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.


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    6 Comments 6
    sjrcpa
    Level 15
    ‎08-17-2022 05:22 PM

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


    The more I know the more I don’t know.
    dkutej
    Level 2
    ‎08-18-2022 09:34 AM

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

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    IRonMaN
    Level 15
    ‎08-18-2022 09:46 AM

    Is this the first Sub S return you have prepared?


    Slava Ukraini!
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    dkutej
    Level 2
    ‎08-18-2022 09:50 AM

    No, but its the first one with vehicle expenses.

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    IRonMaN
    Level 15
    ‎08-18-2022 10:23 AM

    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
    ‎08-18-2022 10:37 AM

    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.

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