Possi Posted July 14, 2020 Report Posted July 14, 2020 My client has taken actual expenses for a car she leased the last 5 years. No depreciation, just lease payments and other actual expenses. In 2019, she bought the car. Am I allowed to take mileage now that she owns the car? She is a sole proprietor. I have looked online but can't find an article on changing ownership. 2 Quote
Abby Normal Posted July 14, 2020 Report Posted July 14, 2020 Yes, the two are totally separate transactions. She bought a car. The fact that it is the same car she was leasing is irrelevant. 1 Quote
Possi Posted July 14, 2020 Author Report Posted July 14, 2020 43 minutes ago, Abby Normal said: Yes, the two are totally separate transactions. She bought a car. The fact that it is the same car she was leasing is irrelevant. ahhhhhh Thanks! 1 Quote
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