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re: Thinking about leasing a vehicle

Posted on 12/23/16 at 10:07 am to
Posted by 632627
LA
Member since Dec 2011
12870 posts
Posted on 12/23/16 at 10:07 am to
quote:

Do you care to expand on the tax Implications of leasing vs buying for a small business owner?


you can write both off. leasing you just write off the full or partial amount of the monthly payment (gotta talk to your tax guy about it). if you own, you can write off the depreciation. i think most people that are conscious of this tend to lease.
This post was edited on 12/23/16 at 10:09 am
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