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Originally posted by phogirl69
I'm very curious about this too...How can leasing a car be considered a business expense if I work from home and don't commute to and from work ? And the downside of leasing is that I don't gain equity/ownership??
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Pho, it totally depends what you are leasing for. Leasing works best for people that can deduct it. My company does marketing and promotions, so I go to meetings, I travel to develop clients, etc. So its deductible. However, if you do not do any business travel at all, I suggest talking to your accountant or tax prepaper. Note: accountant will know more details and would be willing to help you explore differing deductions.