J janlee New member Joined Aug 27, 2015 Messages 3 Aug 28, 2015 #281 Yes that is the problem I am not the sole owner, i only own 1% of the s corp
E epirali Well-known member Joined Oct 9, 2013 Messages 581 Location Maryland Aug 28, 2015 #282 janlee said: Yes that is the problem I am not the sole owner, i only own 1% of the s corp Click to expand... Then how would that help if you took 50% under the business (which I don't know if you can)? Only 1% of the 50% would flow to you? Or do you mean can the company buy the car and take the credit?
janlee said: Yes that is the problem I am not the sole owner, i only own 1% of the s corp Click to expand... Then how would that help if you took 50% under the business (which I don't know if you can)? Only 1% of the 50% would flow to you? Or do you mean can the company buy the car and take the credit?
J janlee New member Joined Aug 27, 2015 Messages 3 Aug 28, 2015 #283 I mean I purchased the vehicle but I want the company to take 50% of the credit since i use the car 50% of the time.
I mean I purchased the vehicle but I want the company to take 50% of the credit since i use the car 50% of the time.
