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Discussion in 'Business Operations' started by HarryD, Aug 19, 2003.
How many of you lease and how much can you write off. the interest. was thinking of doing this
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.
Lawnlad is correct assuming 100% business use.
If partial personal use, only the business percentage is deductible.
Here is a thread that had previously discussed this topic.