LLC guarantee payment for auto usage

[ksfcpa]

Client is 75% owner of LLC (taxed as partnership).
Partnership owns Pickup truck that owner uses for commuting to and from work.
I know a quarantee payment must be figured and included on his K-1. (believe on line 11)

My question is should the personal amount be based on commuting mileage as a percent of the total miles times the actual vehicle expeneses
or
can one use commute miles time standard business mile rate of .485?

Everything I read tells me the personal use amount should be included in partner's income but not how to figure it.

Thanking you in advance for you help.
Karen

[ChEAr$]

for such an owner

Client is 75% owner of LLC (taxed as partnership).
Partnership owns Pickup truck that owner uses for commuting to and from work.
I know a quarantee payment must be figured and included on his K-1. (believe on line 11)

My question is should the personal amount be based on commuting mileage as a percent of the total miles times the actual vehicle expeneses
or
can one use commute miles time standard business mile rate of .485?

Everything I read tells me the personal use amount should be included in partner's income but not how to figure it.

Thanking you in advance for you help.
Karen

must use actual expenses prorated personal vs total.

However, I have found it so much simpler to simply make owner reimburse the
entity for business use. For an S corp (my favorite) I simply debit distributions for
his reimbursement at standard mileage rate (with credit to vehicle expense of course).