- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Vehicle lease end and purchase Schedule C
When business use vehicle lease ended, I then purchased the vehicle. I am baffled how to enter this in Turbotax Home and Business. Do I record the vehicle as stop use, with date of lease end, and then 'add vehicle' and record the same vehicle as a used vehicle 'new' purchase?
Also, can I then use standard mileage, since it is first year of owned vehicle?
Thank you!
‎February 16, 2023
5:51 AM