He said it was an S corp, which does not allow for special allocations. You

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Jan 21, 2020
9:10:04am

toadie All-American

He said it was an S corp, which does not allow for special allocations. You

need to run auto expenses thru the corporation.

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toadie

Bio page: toadie
Joined: Mar 7, 2001
Last login: May 2, 2024
Total posts: 3,173 (6 FO)

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Messages

Author

Time

Question for my tax accountant friends.

HONOMO

1/21/20 7:17am

The short answer is yes. You can generally assign income and deductions in a partnership according to the

CDV

1/21/20 8:05am

He said it was an S corp, which does not allow for special allocations. You

toadie

1/21/20 9:10am

I missed that it was an s-corp. Good call. great reading skills on my part.

CDV

1/21/20 9:23am

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