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Business & farm
Thank Opus for this detailed response.
It looks like Option #3 might be better for me, as this car has rather high expenses.
However, is it possible to have the business directly pay for the monthly lease payments, instead of having me personally pay, and get reimbursed monthly/yearly by the business?
Anyone could also elaborate of the deduction/depreciation of the drive off fees (I paid with the business CC) at the time of signing. Is it fully deductible, or depreciable over the length of the lease?
They include:
-DMV, registration fees
-Sales taxes
-Bank Fee
-First month of payment
It looks like Option #3 might be better for me, as this car has rather high expenses.
However, is it possible to have the business directly pay for the monthly lease payments, instead of having me personally pay, and get reimbursed monthly/yearly by the business?
Anyone could also elaborate of the deduction/depreciation of the drive off fees (I paid with the business CC) at the time of signing. Is it fully deductible, or depreciable over the length of the lease?
They include:
-DMV, registration fees
-Sales taxes
-Bank Fee
-First month of payment
‎June 4, 2019
5:52 PM