To enter your vehicle lease expenses for 2018, up until you converted the lease to a purchase, please follow the instructions below: (The instructions assume you did not use the vehicle at all for business after the lease converted to a purchase. If this is not the case, please comment)
- Go to the Federal Taxes tab
- Click Edit next to Self-employment income and expenses
- Click Edit next to your company name
- On the next screen, scroll down to the Expenses section and click Add Expenses for this work
- On the "Tell us about any expenses for your business" page, scroll down and select Vehicle and then Continue.
- Answer Yes to Did you use a car or truck for your business?
- Proceed through the interview to enter your vehicle information. Be sure to check I stopped using this vehicle in 2018
- Once you get to the "You've got a standard mileage deduction…" screen, click Yes to enter your actual expenses.
- Continue through the interview until you get to the "Enter the lease expenses" page and enter your vehicle lease expenses.
- Proceed through the rest of the interview to complete your vehicle expenses.
