Anybody help me about the private use deduction, pls!!!!!!

This topic has 2 replies, 3 voices, and was last updated 13 years ago by shab470.

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November 14, 2012 at 2:04 am #55273
acctyoung
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Could anyone give me an inclusion about how to treat the private use of the expenses both in individual tax and corporate tax???? Kind of get crazy about it…
November 20, 2012 at 11:27 pm #107289
shab470
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i could b wrong…. but i dont think that there are any privet use of the expenses,
anyhow for individual use….. just take the privet use portion and add back when u r doing the adjusting profit if they are relating to the directors eg drawing, personal use of anything and etc
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