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Can I depreciate the business use portion of my leased vehicle on my Schedule C?

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Level 1

I would think that the answer is "no" since I'm already deducting the lease cost.

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Level 15

You are correct.


ex-AllStar

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Level 15

You are correct.


ex-AllStar

View solution in original post

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Level 15

You can't depreciate something you don't own....so Susan is correct.

The ability to take mileage on leased vehicles is a relatively new opportunity; and don't forget the lease inclusion value

Former Chump... umm.... AllStar.
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