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Level 1
September 30, 2025
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can I writeoff equipment lease over several years

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    Bsch4477Answer
    Level 15
    September 30, 2025

    Expert Reviewed

    It depends. If an operating lease where you will not own the equipment you deduct the expense as it occurs. If a capital lease you will own the equipment so it is a capital asset to be depreciated over time. 

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    Level 15
    Bsch4477Level 15Answer
    Level 15
    September 30, 2025

    Expert Reviewed

    It depends. If an operating lease where you will not own the equipment you deduct the expense as it occurs. If a capital lease you will own the equipment so it is a capital asset to be depreciated over time. 

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