Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
J
jvaldrez
January 4, 2022
Question

I was claiming lease payments on my car

  • January 4, 2022
  • 1 reply
  • 0 views
Car lease payments ended Dec 18, 2021, I put in $1k down and started monthly interest payments Dec 29, 2021. I understand that I still claim the monthly lease payments for Jan 2021 - Dec 18, 2021 but not sure how to include the downpayment part.

    1 reply

    L
    Linhph17
    January 6, 2022

    You can include the cost of the down payment as the cost of the car in the calculation of its CCA.

     

    If you require further assistance please contact our phone support team or contact us directly on Facebook or Twitter.

     

    Thank you for using TurboTax.

    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Terms & ConditionsCookie settingsAccessibility statement
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2022 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
    of Intuit Inc. Terms and conditions, features, support, pricing, and service options
    subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by
    C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    Accessibility

    TRUSTe nResult Certified e-File C-Level Security Certification