qbteachmt
Level 15
12-06-2019
03:34 PM
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Sched C filers already Own this car; it is not a Company Car. It is a Personally Owned vehicle with Mixed Use. There is no taxable amount for using your own car for your own personal needs.You use the vehicle worksheet for the Commuting & Personal Vs the Business, to show the proper allocation. Only the Business part applies to the tax return and that is not a 2106 situation. You are not an employee of your own Sched C entity.
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