Discussion:"Sale" of auto to employee
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Discussion Forum Index --> Advanced Tax Questions --> "Sale" of auto to employee
Discussion Forum Index --> Tax Questions --> "Sale" of auto to employee
| 5 January 2009 | |
| Corp would like to "transfer title" of a company owned auto to an employee (non-officer, non-shareholder, just a regular employee). He gets the FMV on his W-2, correct? Anything else corp should worry about other than transferring title on pink slip?? Thanks | |
| January 5, 2009 | |
| It's still a sale for that fmv, so compute gain/loss accordingly, and get it off insurance. | |
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