Hi Annette,
Just to be sure I'm understanding you correctly:
My lease down payment for my new business-use vehicle (Toyota Corolla) was $4500 and according to the info I see on the TT help page, this must be expensed "over the life of the lease" (which is 3 years). Therefore, if I understand you correctly, I would add $1500 per year, for 3 years, to my total lease payments listed under Business Vehicle expense on Sch C. Is that correct? Thanks for clarifying!
