On March 1, 2023, Sarah enters into a three year lease for an automobile worth ($83,000). The

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On March 1, 2023, Sarah enters into a three year lease for an automobile worth \($83,000\).

The monthly lease payment is \($850,\) and she uses the automobile only for her sole proprietorship.

What amount of lease payments may Sarah deduct for 2023?

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Pearsons Federal Taxation 2024 Individuals

ISBN: 9780138238100

37th Edition

Authors: Mitchell Franklin, Luke E. Richardson

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