Katz, Sapper & Miller Breakdown the Possible Tax Implications of the Presidential Election
Trevor Watson | October 28, 2020
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.