AgTalk Home
AgTalk Home
Search Forums | Classifieds (69) | Skins | Language
You are logged in as a guest. ( logon | register )

Lease versus buy
View previous thread :: View next thread
   Forums List -> Machinery TalkMessage format
 
Mike SE IL
Posted 3/9/2012 10:45 (#2277381 - in reply to #2277340)
Subject: RE: Lease versus buy



West Union, Illinois

bike across Iowa - ... End of Lease, Equipment is yours.
Things may have changed since I was the one leasing things to customers,  but my understanding is if there is a specified buy-out other than fair market value (including $0.00) the IRS does not consider it a true lease. The IRS view is it a contract to purchase and the equipment will be depreciated.

Top of the page Bottom of the page


Jump to forum :
Search this forum
Printer friendly version
E-mail a link to this thread

(Delete cookies)