Schedule C Expenses - Rent or Lease
Article ID: 58943

Question

Schedule C Expenses - Rent or Lease

Answer

If you rented or leased vehicles, machinery, or equipment, enter the business portion of your rental cost. But if you leased a vehicle for a term of 30 days or more, you may have to reduce your deduction by an amount called the inclusion amount.

See IRS Publication 463 to figure your inclusion amount.

Enter amounts paid to rent or lease other property (s), such as office space in a building.

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Views: 759	Created on: Jun 15, 2013 Date updated: Dec 05, 2019
Posted in: Business Income (Schedule C)

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