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Originally Posted by mjw930
You can't write off the lease payments on your taxes unless you own your own business or use the vehicle in the performance of your job and are not reimbursed for it's use. The average person can't write off the lease payments anymore.
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That must be the catch then. I have most of my assets owned by my FLP(Family Limited Partership) and my corp. My mistake, for some reason I thought most Porsche owners have their estate planning or at least tax strategy done as well.
Well I guess this is a good time to say, "If you don't have an FLP then get one. Its a good way to save on taxes and protect your assets."