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lease deduction

Discussion in 'Business Operations' started by SDF250, Feb 17, 2001.

  1. SDF250

    SDF250 LawnSite Member
    Messages: 87

    i personaly bought the truck. can "i" lease the truck to the inc. for 100% write off
     
  2. GroundKprs

    GroundKprs LawnSite Bronze Member
    Messages: 1,969

    Vehicle lease is usually never exactly 100% - there is a minor adjustment in tax code, even if used 100% for business. You can do this, but better have a good accountant and attorney set it up properly.
     

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