Entering FMV for lease on SE return. Do I take the value plus monthly payments and put it in vehicle lease expenses. ie $30,000 + $3300 = $33,000 vehicle lease expenses?

[RobertG]

Vehicle lease expenses are just the amount of the lease payments.

Fair Market value is the Fair Market Value of the vehicle on the first day of the lease term.

[rebecca613]

Thank you. But I’m still confused. The question says “we need to know the FMV and we also need to know the lease payments” I acquired the lease in 2019 tax year. If I add the value of vehicle and payments, it has a much different outcome than just payments. I need to know if I add the fmv and lease payments or just lease payments. The word ALSO is what is throwing me. 

[AmeliesUncle]

It should be asking for two separate things.  Total lease payments as one entry, and FMV for another entry.  DON'T add them together for any reason.

[rebecca613]

Thank you! The software poses these two questions in one paragraph with a single input field so I was getting confused. There isn’t a field to enter FMV.