What is the name of your state?Nebraska
I run a small business that I registered as an S-corporation
for liability concerns. Looking ahead to tax time, I pulled
up form 1120S, and can't find a place to write off my
mileage! I know exactly where to find it on a 1040,
schedule C, but I don't see any indication on the 1120 family
of tax forms.
I have no employees. 100% of the profit/loss falls onto me.
Is there a separate form for S-Corp's mileage? Do I need to
also file a schedule C? This is a big issue because I have
a lot of mileage this year.
Thanks in advance! I've gotten lots of advice on this website,
just haven't had to post a question until now. I've had a real tought time finding the answer to this one!
I run a small business that I registered as an S-corporation
for liability concerns. Looking ahead to tax time, I pulled
up form 1120S, and can't find a place to write off my
mileage! I know exactly where to find it on a 1040,
schedule C, but I don't see any indication on the 1120 family
of tax forms.
I have no employees. 100% of the profit/loss falls onto me.
Is there a separate form for S-Corp's mileage? Do I need to
also file a schedule C? This is a big issue because I have
a lot of mileage this year.
Thanks in advance! I've gotten lots of advice on this website,
just haven't had to post a question until now. I've had a real tought time finding the answer to this one!
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