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ls041456
New Member

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?

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1 Reply

Auto lease inclusion amount

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/ 

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