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New Member
posted Feb 6, 2024 2:16:57 PM

I bought an electric car by leasing in 2023 and it's for personal use and not for resale, but I don't know what means with leasing to others? Can I claim the $7500?

This is the question that is in Turbo tax
Is this vehicle for personal use, or leasing to others, and not for resale?

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1 Replies
Expert Alumni
Feb 6, 2024 2:47:41 PM

Leasing to others means you would let someone else drive it and pay you rent for that privilege. It doesn't sound like that applies to you.