USA Potential deductions on Schedule C for buying car that will be ending a 3 year auto lease in a few months

Jul 14, 2020
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United States
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!


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