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Sasha Morris
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Truck Payments are tax deductible?

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I'd acquire my truck from a lease- purchase in 2007 and finish paying it in 2010.

Are the truck payment's taxes deductible?

It is a 2004 KW W900.

Or just apply the depreciation deal?

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Jason Burns
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Lease payments are deductible

Trucks purchased with a loan, Depreciate

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pwcain
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If its paid off what are trying to deduct? If you paid off the lease only the balance balloon.

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Brian Smith
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You'd only be able to depreciate the balloon payment from 2010 on an amended plan since 2009 is running out of time, otherwise you'd be able file an amended tax return for 2009 to include the lease payments.

My question is, why are you just now asking about this 2 years later? Whomever did your taxes during those years should have known that lease payments were deductible.

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