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HarryD
08-19-2003, 08:19 PM
How many of you lease and how much can you write off. the interest. was thinking of doing this

LawnLad
08-19-2003, 10:42 PM
An equipment/truck lease is 100% deductible as an expense, there is no interest expense separate from the lease. If you purchase the vehicle, you depreciate the principal and expense the interest.

bruces
08-19-2003, 11:40 PM
Lawnlad is correct assuming 100% business use.

If partial personal use, only the business percentage is deductible.

Team Gopher
08-20-2003, 07:07 AM
Hi Harry,

Here is a thread (http://www.lawnsite.com/showthread.php?s=&threadid=41297)that had previously discussed this topic.