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Business & farm
The thing that confuses things is that some places call an Installment Sale a "lease".
In some cases some places call a situation where you make a monthly payment then have a "buyout" for $1, they call it a "lease". But at least for tax purposes, that situation is NOT a lease, it is a purchase (which would qualify for Section 179).
March 14, 2021
9:36 AM