seep: he/she/it: seeps: present participle: seeping: past tense: seeped: past participle: seeped
If you lease a new car for use in your business, you will probably be able to deduct the lease payments from your taxes as a business deduction. However, you need to be careful and keep track of all the miles you spend in the car and whether the miles traveled are for business or personal reasons.
Asker's rating. Report Abuse. On the sale of rental property you need to deduct any amount depreciated from the initial cost basis. On the other side, any capital improvements you have done to the property needs to be added to the initial cost basis.sker's rating. Report Abuse. On the sale of rental property you need to deduct any amount depreciated from the initial cost basis. On the other side, any capital improvements you have done to the property needs to be added to the initial cost basis.