Deduction for the lease payments

Reference no: EM13142491

On March 1, 2009, Lana leases and places in service a passenger automobile. The lease will run for five years and the payments are $900 per month. During 2009, she uses her car 20% for business and 80% for personal activities. Assuming the dollar amount from the IRS table is $233, determine Lana's deduction for the lease payments.

A) $0.

B) $1,800.

C) $2,000.

D) $2,330.

E) None of the above.

Reference no: EM13142491

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