Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 

I am self-employed and leased a new vehicle last year. Can I report the fees paid for the down payment and other charges due on delivery? I am using TurboTax online.

 
1 Reply

I am self-employed and leased a new vehicle last year. Can I report the fees paid for the down payment and other charges due on delivery? I am using TurboTax online.

Yes, you can claim fees related to leasing a vehicle, but if you used the vehicle for personal use, then you can only claim a portion based on how much you used it for business. You also must prorate the amount over the length of the lease.  ex:  if your lease is for 5 years, claim 20% of your down payment per year.