You dont own a leased vehicle, so it wouldnt be depreciated.
Heres a quick blurb from IRS, but you may want to research further with the links on that page.
@IRonMaN To compute the cost basis I would figure first the total amount of the lease payments spread out over the estimated life of the vehicle and then discounted for the residual value adjusted by the annual inflation rate and then divided by the number of full moons between the winter solstice and the summer solstice in the last year of the Mayan calendar.😉
But, when they make Daylight Savings Time year-round, will that, eventually make it harder to define the those fleeting moments, without altering the well-respected sun dial shadow method of calculating time??
I picked up a used ACME sun dial years ago and that is all I use for telling time these days. It still works quite well, although I have to admit you do tend lose track of time during a Minnesota snow storm.
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