D2018
Level 2

A client purchased a new truck in 2018 that is used for all three of his business's. The vehicle is 100% business use and client owns other personal vehicles. The truck was mainly purchased for rental properties (llc), however the use rate is about 10% (S-corp 1), 30% (S-Corp 2), and 60% (LLC-rental schedule E filer). Client purchased truck with personal funds and title is in clients name, not corporation. I'm trying to figure the best way to allocate this vehicle with my current option listed below; it seems the most straightforward. Any additional comments or ideas by this knowledgeable community would be greatly appreciated!

Option 1- Keep vehicle in clients/LLC name and section 179 the asset (truck qualifies), basically LLC 100% use. Then have the two S-Corps reimburse the owner for actual vehicle use via accountable plan. 

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