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Updated over 13 years ago, 08/03/2011
Would you lease a car and can you write it off??
Have an older car I have driven forever as a work horse.Looking at trading it in for a brand new car on a lease.
Normally I wouldn't look at a lease but I am thinking I can write it off in my corporation.
I am not a tax expert and I do not want to buy a gas guzzling truck just to get a deduction.If I bought say a new Camry would they let me deduct the lease off of my corp taxes OR would it be better to buy it through the corp and make payments without a lease??
Can I deduct either way??
Thanks
- Joel Owens
- Podcast Guest on Show #47
NNN Invest
3 Reviews
5.0 stars