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Level 2
posted Jun 6, 2019 1:00:10 AM

When entering Vehicle Lease Expenses for my business, is it asking for all-time lease payments, or just what I paid in that year?

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1 Best answer
New Member
Jun 6, 2019 1:00:12 AM

The Vehicle Lease Expenses would just be the lease expenses paid for that year. (But, if you made up front advance lease payments, those should be allocated over the life of the lease and not deducted all at once.) 

2 Replies
New Member
Jun 6, 2019 1:00:12 AM

The Vehicle Lease Expenses would just be the lease expenses paid for that year. (But, if you made up front advance lease payments, those should be allocated over the life of the lease and not deducted all at once.) 

New Member
Mar 6, 2022 9:34:07 AM

Thanks.