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Sales tax on leased vehicle?
I have leased a vehicle in Nov. 2014 in California. The lease is for 36 months so right now the sales tax/use tax is only calculated on the 36 mos. The purchase price before tax was $22,000. Do I claim the taxes on the full price of the vehicle or only the amount on the 36 mos lease? If I only claim the tax for the 36 mos, do I claim the remainder of the sales tax on the residual when we purchase the vehicle at the end of the lease term (which we plan to do)?
May 31, 2019
4:48 PM