Contact UsDoes the IRS allow any deductions for leased software equipment?
I am thinking about leasing versus purchasing the software.
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Tax Professional Answers
William Keats
Usually, the cost of leasing equipment for business purposes is fully deductible if 100% business.
However, as far as tax software is concerned, I never heard of anyone leasing it. Purchase the software and depreciate over the useful life of the software. U se 3-year SL depreciation, or take the Sec. 179 deduction.
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552 weeks ago
However, as far as tax software is concerned, I never heard of anyone leasing it. Purchase the software and depreciate over the useful life of the software. U se 3-year SL depreciation, or take the Sec. 179 deduction.