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previous page Previous Page: Publication 535 - Business Expenses - Starting a Business
next page Next Page: Publication 535 - Business Expenses - Section 197 Intangibles
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taxmap/pubs/p535-042.htm#en_us_publink1000158861

Getting a Lease(p27)


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If you get a lease for business property, you recover the cost by amortizing it over the term of the lease. The term of the lease for amortization purposes generally includes all renewal options (and any other period for which you and the lessor reasonably expect the lease to be renewed). However, renewal periods are not included if 75% or more of the cost of acquiring the lease is for the term of the lease remaining on the acquisition date (not including any period for which you may choose to renew, extend, or continue the lease).
taxmap/pubs/p535-042.htm#en_us_publink1000158862

How to amortize.(p27)


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Enter your deduction in Part VI of Form 4562 if you are deducting amortization that begins during the current year, or on the appropriate line of your tax return if you are not otherwise required to file Form 4562.
For more information on the costs of getting a lease, see Cost of Getting a Lease in  
chapter 3.
previous pagePrevious Page: Publication 535 - Business Expenses - Starting a Business
next pageNext Page: Publication 535 - Business Expenses - Section 197 Intangibles
 Use previous pagenext page to find additional occurrences of topic items.Index for this Publication