S-Corp question

[DTS]

Clients paid personal auto expenses through their S-corp. I have listed the expenses on the return, but I have taken this amount back out as a distribution. Did I handle this the correct way?

My mind is reeling right now and I just can't think this simple matter through properly.

Thank you for your help!

Dennis

[veritas]

That's probably

the way I would handle it. The other alternatives are treat it as a loan-which you know will never be paid back or wages.

[DTS]

Veritas

Thank you. Glad I treated it OK.

It is not a loan, but a language/tax misunderstanding about how to handle the autos.

Dennis