How do I figure out the fair market value on a leased vehicle I use for my business?
011246
1 Replies
JohnW15
Intuit Alumni
Jun 3, 2019 11:16:05 AM
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.