Writing off an auto lease

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In a Sub S Corp can an auto lease that is a one year lease be written off in one year based on the percentage of the lease used for business purposes?

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By Tax Dragon
17th May 2024 05:30

Respondents in this forum comment from a UK perspective. Is such a perspective relevant to you?

(PS over here we spell it Janus.)

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Replying to Tax Dragon:
By Ruddles
17th May 2024 08:56

;¬)

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By Paul Crowley
17th May 2024 10:45

Sounds American to me.
We only deal with UK tax rules

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By Matrix
17th May 2024 11:01

Sounds like an SPV.

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