Lessee
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No. This isn't a homework or exam question.I wanted to understand leases for business use.
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Maybe I misunderstood.you stated that " it may also be possible that the lease is capital under both sets of rules but the capitalized amount may be different."...
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Thanks @Mike9241For example, it's possible that capitalized amount can be recalculated using the Fed's nominal interest rates as followsNominal Discount Rates. ...
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Thanks @Anonymous_After much reading, it seems that the cost of the asset (cost basis) is the smaller of the fair market value of the asset OR the present value...
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Thanks for the information everyone.Mike,For a lease, would a guaranteed residual value be consider part of the cost basis?On the other hand, it seems if the le...
Activity Feed for Lessee
- Posted Re: Capital Leases, Cost Basis and Capital Gains on Deductions & credits. August 24, 2022 7:46 AM
- Posted Re: Capital Leases, Cost Basis and Capital Gains on Deductions & credits. August 24, 2022 7:44 AM
- Posted Re: Capital Leases, Cost Basis and Capital Gains on Deductions & credits. August 23, 2022 11:28 PM
- Posted Re: Capital Leases, Cost Basis and Capital Gains on Deductions & credits. August 23, 2022 10:47 PM
- Cheered Re: Capital Leases, Cost Basis and Capital Gains for Mike9241. August 19, 2022 4:17 PM
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- Posted Capital Leases, Cost Basis and Capital Gains on Deductions & credits. August 17, 2022 2:58 PM
- Posted Re: Capital Gains Tax from Buying Leased Car and Selling? on Deductions & credits. August 15, 2022 11:13 PM
- Posted Re: Capital Gains Tax from Buying Leased Car and Selling? on Deductions & credits. August 14, 2022 7:44 AM