Discussion:Hybird Tax Deduction
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Discussion Forum Index --> Tax Questions --> Hybird Tax Deduction
| 22 September 2006 | |
| My client leased a Lexus in 2005 that qualifies for the deduction. However does a lease count as a purchase for this deduction? The salesperson, of course, told him it was available. | |
| 22 September 2006 | |
| Yes, it had to be acquired for use or lease by the taxpayer. Leases are included in the wording from IRS... | |
Taxguy1024 (talk|edits) said: | 25 September 2006 |
| I know that the credit available beginning in 2006 specifically includes leased vehicles, but I don't remember reading where the qualified clean fuel deduction for 2003-2005 included leased vehicles....guess I just missed that... | |
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