Deduction of Monthly payments on my Auto lease

I use my car (Leased) only for business purposes. I understand I can deduct the down payment (broken up over each year of the lease) . Can I deduct the entire monthly payments for the year as well? I have heard that I can....

posted

Yes.

If the vehicle is used 100% for your business, the monthly lease payments can be deducted as a business expenses.

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Claiming property tax deduction for the half of this year payment and the other half of next year payment (I'm in California)?

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