Thank you both for you prompt responses and I apologize for the vagueness.  The shareholder is not an employee and therefore the noncash taxable fringe would be the only thing reported on the W-2. The company has no employees at this point. I guess I was thinking that perhaps there was a way to report it via the k-1. If not, then I'll prepare the W-2. Thank you for the deadline reminder!

I did enter the lease payments as expenses, however, when I was previously searching for guidance on reporting the lease payments/shareholder's personal share into pro connect the answers were directing me to the depreciation form. So then I started to think that perhaps there was a way that pro connect would have me enter the vehicle into that form and then by virtue of check boxes that it's leased, there's a lease buyout option, used primarily by more than 5% shareholder, number of total miles and business miles it would then automatically generate the prorata amount of the lease expense that was deductible and prompt me for any lease limitations.....

So, if that's not the case, then should I manually reduce the amount of the lease payments by the percentage that the shareholder personally benefited or do I just deduct them in their entirety and just pass the taxable fringe onto the affected shareholder via the W-2?