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Old 08-19-2003, 08:19 PM
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HarryD HarryD is offline
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Leasing a Truck

How many of you lease and how much can you write off. the interest. was thinking of doing this
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Old 08-19-2003, 10:42 PM
LawnLad LawnLad is offline
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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.
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Old 08-19-2003, 11:40 PM
bruces bruces is offline
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Lawnlad is correct assuming 100% business use.

If partial personal use, only the business percentage is deductible.
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Old 08-20-2003, 07:07 AM
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Team Gopher Team Gopher is offline
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Hi Harry,

Here is a thread that had previously discussed this topic.
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