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New Member
posted Apr 13, 2025 8:59:15 AM

How do I enter that I bought my car when the lease expired?

I bought my car when the lease expired. Turbo Tax asks if I lease or own. Now I own but previously leased. It asks for the date I started using the car, etc. Should I delete the car from when it was leased and now enter the same car as newly in service as now it is owned?

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1 Best answer
Expert Alumni
Apr 14, 2025 1:25:24 PM

Yes, you need to delete the lease auto entry and then re-enter the vehicle as a new purchase. 

1 Replies
Expert Alumni
Apr 14, 2025 1:25:24 PM

Yes, you need to delete the lease auto entry and then re-enter the vehicle as a new purchase.