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In California want to lease personal vehicle back to

Customer Question
business for a proportional lease...
in California want to lease personal vehicle back to business for a proportional lease, any problems?
JA: Thanks. Can you give me any more details about your issue?
Customer: Vehicile was paid for by personal income and now we think we'd like to lease back to our business getting greater write off than just depreciation.. Is this possible?
JA: OK got it. Last thing — Tax Professionals generally expect a deposit of about $32 to help with your type of question (you only pay if satisfied). Now I'm going to take you to a page to place a secure deposit with JustAnswer. Don't worry, this chat is saved. After that, we will finish helping you.
Submitted: 1 year ago.Category: Tax
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Answered in 16 minutes by:
1/27/2016
Tax Professional: Mark D, Enrolled Agent replied 1 year ago
Mark D
Mark D, Enrolled Agent
Category: Tax
Satisfied Customers: 1,316
Experience: MBA, EA, Specializing in Business and Individual Tax Returns and Issues
Verified

Hello, do you personally own the vehicle, or are you leasing it?

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