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Katz, Sapper & Miller Breakdown the Possible Tax Implications of the Presidential Election

Trevor Watson | October 28, 2020

https://www.ksmcpa.com/blog/presidential-election-impact-on-the-national-tax-landscape

Checkout this article from Katz, Sapper & Miller (KSM) regarding the potential changes in the tax landscape depending on the results of the upcoming election.  One of the primary benefits dealers who transition to Lease-Here, Pay-Here cite for their conversion to leasing is the tax benefits from the depreciation.  Leasing can have a tremendous impact by offsetting income with the depreciation from your lease portfolio.  This is something that could be of importance for certain dealers in the years ahead.

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