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Chad Stansel
Feb 24, 1999, 3:00:00 AM2/24/99
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I just started working as an Independant Contract this year. (Feb 8th to be
exact).. I have a 1998 car which I started LEASING last December (1997). I
will be using the majority of my vehicle driving back and forth on a daily
basis to clients. My office is out of my home. I know I can deduct
GAS/Oil/Insurance/Property Taxes/License/etc as a percentage of personal to
business usage. My question is can I deduct the complete LEASE payment also?
Also, what is the annual auto limit on overall auto deductions? Is there
anything else I am leaving out?
exact).. I have a 1998 car which I started LEASING last December (1997). I
will be using the majority of my vehicle driving back and forth on a daily
basis to clients. My office is out of my home. I know I can deduct
GAS/Oil/Insurance/Property Taxes/License/etc as a percentage of personal to
business usage. My question is can I deduct the complete LEASE payment also?
Also, what is the annual auto limit on overall auto deductions? Is there
anything else I am leaving out?
Thanks,
Chad
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