- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Car Depreciation Basis
Hi, I leased my car back in October 2023 and purchased it through bank financing come September 2024. How should I answer the question - How much did you pay for this vehicle? - under the depreciation basis question in TurboTax? Technically, I was only leasing it in October 2023. Should I refer to the Gross Capitalized Cost on my Lease Agreement? Thank you.
Topics:
2 weeks ago