Sole Proprietorship - Schedule C

Auto lease payments

Yes. If you use a car entirely for business the cost of leasing is deductible. You cannot depreciate a car you lease. You can choose to deduct the standard mileage rate in lieu of actual expenses including lease payments.

Need Professional Help?

If you need help with "Sole Proprietorship - Schedule C" or have other tax questions, we can help you find a local licensed tax preparer for a free, no-obligation consultation.