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    royeyrich's Avatar
    royeyrich Posts: 15, Reputation: 2
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    #1

    Apr 6, 2010, 04:36 PM
    Accounting for leasee leasors
    The company is an LLC which leases out equipment to businesses. The equipment is financed through bank loans and the equipment is owned by the LLC. I want to ensure that I am recording the leases correctly and passing through the capitalization and depreciation correctly both in the financial statements and the tax returns.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    May 6, 2010, 01:41 PM
    While a relatively simple tax question for a business, it is a stretch to pose the question on this forum.

    Contact a local tax professional who can review your complete status before giving proper guidance. Asking such a question on this type of forum is risky because you may not provide a complete picture which could affect the answer.
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