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I have an existing 3 year auto lease that will be ending in a few months. I have been writing the auto lease payments off.
If I buy the car for the residual value of $22,000 plus 7% sales tax, is any of this deductible on Schedule C? If so, is it deductible under Section 179, and to what extent would I be able to expense this?
Thank you!
If I buy the car for the residual value of $22,000 plus 7% sales tax, is any of this deductible on Schedule C? If so, is it deductible under Section 179, and to what extent would I be able to expense this?
Thank you!