Hi @DianeW777 I have couple of questions on your response on @robertburt1 question :
1- Are the monthly lease payments and the down payment upfront considered in cost basis ? Because those payments are not for financing they are just lease payments
2-Also in capital gain section in TurboTax or the forms there is always a question about the date when the asset was purchased and the date when it was sold and also whether the asset was purchased , inherited , ...
Again in the above example , the car was never purchased by the lessee , it belonged to the lessor then went straight to Carmax using the lease buy out option in the lease contract
So how should these dates be filled ?
Thanks!
