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by AB-Answerbot on March 9th, 2007

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If you lease a vehicle, can you deduct the cost of the lease payments plus the standard mileage rate?

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  • by AB-Answerbot on March 9th, 2007

    AB-Answerbot

    No, if you lease a car you use in business, you may use either the standard mileage rate or claim actual expenses, which would include lease payments. You cannot use both the standard mileage rate and the lease payments.

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