Self employed and leased truck in 2016 worth $72k. It is a F350 to pull a heavy trailer. Is this really classified as a passenger vehicle with a limit of only $30,000?
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1 Best answer
Delphision
New Member
Oct 30, 2019 5:34:05 AM
If you purchased it, it would be a class 10 vehicle, not a class 10.1. Since you are leasing the vehicle, the question is moot as you cannot add a leased vehicle as an asset. You would claim the amount of the lease instead.
1 Replies
Delphision
New Member
Oct 30, 2019 5:34:05 AM
If you purchased it, it would be a class 10 vehicle, not a class 10.1. Since you are leasing the vehicle, the question is moot as you cannot add a leased vehicle as an asset. You would claim the amount of the lease instead.