turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I purchased business the vehicle that I had leased at the end of the lease. How and where do I enter this in turbo tax?

I leased a vehicle that I use in my business. That lease expired during 2024 and I purchased the vehicle at end of lease
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
RobertB4444
Employee Tax Expert

I purchased business the vehicle that I had leased at the end of the lease. How and where do I enter this in turbo tax?

You'll enter it as a new depreciable asset as of the date of purchase with a purchase price equal to what you paid for it at the end of the lease.

 

@jkinney3264 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question