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Schedule C Expenses - Rent or Lease

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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: 652 Created on: Jun 15, 2013
Date updated: Dec 07, 2018

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