rbynaker
Level 14
12-06-2019
04:58 PM
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Was the vehicle retitled in the name of the S Corp? I'll assume not. In which case, I would probably just use standard mileage rate. Then have the S Corp reimburse at SMR for 10/1 - 12/31/17 to catch up and for 2018+.
If the vehicle was contributed to the S Corp and retitled then you'll probably need to override depreciation and manually split the year between Sch C and the 1120S.
Rick