Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted May 23, 2025 8:37:16 AM

Auto lease inclusion amount

On the IRS table for auto lease inclusion amounts, are the inclusion amounts annual or daily?  Lat year, I calculated the amount from the table and multiplied it by the number of days the auto was in use during that year and arrived at an inclusion amount of over $15,000.  However, in reviewing the instructions this year, it appears that I may have misinterpreted this as a daily rate when it should be an annual rate.  Which is correct please?

0 1 1245
1 Replies
Level 15
May 23, 2025 8:49:31 AM

it's annual you can see this link and look at step 2 which uses the word "annual"

https://fitsmallbusiness.com/what-is-auto-lease-inclusion/