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.
However, you can deduct car expenses only if your rental activity qualifies as a business or an investment for tax purposes. If you do a lot of driving for your rental activity, however, thereâs a good chance you are engaged in a business, not an investment.ou can get a lot of travel deductions this way. For example, you can deduct the cost of driving from home to your rental property or to the bank. To deduct the cost of driving to and from your home office, it must qualify as your principal place of business.