My problem relates to how to set up the inclusion amount on the lease payment of a leased vehicle. Per IRS rule, I have to deduct the inclusion amount against the lease payment but not to add it on income. Can you please teach how to
@Rustler wrote:
Use lease expense, it is more descriptive. Vehicle expense is more for fuel, tires, battery, etc
I'm not sure what this has to do with a 1099 though, if the company you pay is a corporation there should be no 1099 you have to create.
set up a journal entry on this in QB?
