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Deductions & credits
There is no cost basis since you were not the owner of the vehicle.
Assuming the leased vehicle was for personal use only and Not used in a business you could not deduct the lease payments as an expense on a tax return. If you received any funds from the owner (lessor) then that would be a refund of your lease payments and are not reported as income on a tax return.
Other opinions? @Critter-3 @rjs
‎June 29, 2022
4:35 PM