I am referring to the loss on the disposal of the asset, for the Scorp

"And it seems your person isn't going to pay for it? You don't get a free vehicle off of your employer. Are there other shareholders?"

There are 5 shareholders and they decided to let him keep the vehicle. This is why I was thinking of issuing him a 1099 for the sale.

I don't think they're going to want to go back to amend for the personal use portion. 

I'll have to look into why it was not completely depreciated at this point.