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February 13, 2025
Question

I purchased business the vehicle that I had leased at the end of the lease. How and where do I enter this in turbo tax?

  • February 13, 2025
  • 1 reply
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I leased a vehicle that I use in my business. That lease expired during 2024 and I purchased the vehicle at end of lease

    1 reply

    February 13, 2025

    You'll enter it as a new depreciable asset as of the date of purchase with a purchase price equal to what you paid for it at the end of the lease.

     

    @jkinney3264 

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