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How do I figure out the fair market value on a leased vehicle I use for my business?

 
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JohnW15
Intuit Alumni

How do I figure out the fair market value on a leased vehicle I use for my business?

The fair market value of a leased vehicle is basically the same as its sales value.  Quite often, the lease documents will report the fair market value or sales value, which you could use with a good degree of confidence.


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