Biz Write-Offs LogoBiz Write-Offs

Car lease for an LLC

$400-$1,500/mo

Can an LLC Write Off a Car Lease?

Short answer: Yes for the business-use share of lease payments.

A lease inclusion amount reduces the deduction for higher-value cars. Personal use of a company car must be reported as income or reimbursed.

Records to keep: Keep a contemporaneous mileage log (date, miles, business purpose), business-use percentage, the purchase contract, and a photo of the door-jamb GVWR sticker.