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Lease Inclusion Calculation dialog

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Use the Lease inclusion window to calculate the lease inclusion amount for a leased vehicle.
To open this window, perform one the following steps.
  • Select
    Lease inclusion
     in the Additional 1040, 1065, or 1120 vehicle information group box in the
    Vehicle/Listed
     tab.
  • Select
    Calc
     in the Lease inclusion row of the grid in the
    Vehicle Entry
     window for 1040, 1065, or 1120 clients.
note
  • Lease inclusion
     and
    Calc
     available only for 1040, 1065, 1120, or 1120S clients when
    Luxury auto (passenger)
     or
    Van or light truck
     is selected in
    Type of property
     in the
    Vehicle/Listed
     tab.
  • When the client is closed to the next year, the application automatically calculates the lease inclusion amount for that year.

Fields & buttons

Date lease began
Enter the date on which the lease began.
Fair market value
Enter the vehicle's fair market value as of the date on which the lease began.
Length of lease
Enter the length of the lease in months.
Inclusion amount
This field displays the calculated lease inclusion amount for the current year. This amount is calculated using the previous values and the lease inclusion tables. This amount is calculated only if values have been entered in the preceding fields.
Force
If you disagree with the application-calculated lease inclusion amount, enter the amount in this field.

This article applies to:

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