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