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Old 08-21-2015, 09:50 AM
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Leasing a company vehicle

A few questions:

1) Do I have to drive a certain number of miles to be able to lease a company car as a legitimate write-off?

2) What happens in a down year where the business can no longer pay the lease? Can I leave extra money in the business from a good year to pay for the lease in what appears to be an upcoming lean year? Or, do you not recommend that because of tax implications? Can I pay the lease ahead of time in the year I have the money to do so?

Thanks,

D. Bruns



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