Sole Proprietorship - Schedule C

Auto lease payments

Answer:

Yes. If you use a car entirely for business the cost of leasing is deductible. You cannot depreciate a car you lease. You can choose to deduct the standard mileage rate in lieu of actual expenses including lease payments.
CPAdirectory
Answer Provided by: CPAdirectory

Share This Answer

Looking For More?

View all Sole Proprietorship - Schedule C Questions

View More Questions