Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
D
dogs1329
June 4, 2019
Question

I started leasing a car for work in 2018. My amount due at lease signing was $5544. Is that deductible?

  • June 4, 2019
  • 1 reply
  • 0 views
No text available

1 reply

D
DavidD66
June 4, 2019

The rules for deducting the costs of a leased vehicle as a business expense are very specific.  I suggest your review the Car Expenses section under Transportation in this IRS publication: https://www.irs.gov/publications/p463

For some general information, see this TurboTax article: https://turbotax.intuit.com/tax-tips/small-business-taxes/business-use-of-vehicles/L6hi0zzzh

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
TurboTax Sign In Widget
TurboTax flag icon

Unlock tailored help options in your account

Create an account
TurboTax Expert Assist
TurboTax Expert

Get answers to all your tax questions

Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

Terms & ConditionsAccessibility statement
Intuit
TurboTax Credit Karma QuickBooks MailChimp

©1997-2022 Intuit, Inc. All rights reserved.
Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
of Intuit Inc. Terms and conditions, features, support, pricing, and service options
subject to change without notice.

Security Certification of the TurboTax Online application has been performed by
C-Level Security.

By accessing and using this page you agree to the Terms of Use.

Accessibility

TRUSTe nResult Certified e-File C-Level Security Certification