Hi,
I leased my 2019 chevy (msrp of $45k) for approximately $480/month and bought it out-right in 2022, as the lease ended. I sold it for $3k more than the end of lease buy out price.
During the lease term I spent $1k in repairs and after the buy out I spent $2k in repairs.
I did not use it for business.
How do I handle for tax purposes?
