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New Member
posted Jun 3, 2019 11:16:04 AM

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

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1 Replies
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.