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Updated over 8 years ago on . Most recent reply

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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,079
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17,431
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Car Lease Questions For Real Estate Business

Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorPosted

I have two main questions. On a car lease is there a standard or accepted amount of the lease that can be applied to the business. Would 100% raise a red flag, 90/10, 80/20? (Should I track mileage to make the proper assignment?)

Also if I were to prepay the entire term of the lease at once, could I apply that to the single years taxes, or does it need to be taken over the course of the whole lease (3 years)? 

@Brandon Halll

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District Invest Group
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