If you own a business the lease is tax deductible, which knocks about 33% of the... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		carguy1983 on April 4, 2012 \| parent \| context \| favorite \| on: Redditors who are rich (net worth $1 million+) - h... If you own a business the lease is tax deductible, which knocks about 33% of the cost out of the picture.

vaksel on April 4, 2012 [–]

only if you use the car exclusively for the business, and have a separate car that you use for your personal stuff.

+ I heard that deducting car leases is a huge red flag for the IRS.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact