what type of lease lease can be written off on taxes
Tax write-offs may be possible, depending on how home lease-purchases are executed. Home lease-purchases are often called rent-to-own or lease-to-own transactions or agreements. The buyer acts as a tenant and makes monthly payments to the owner for an agreed-upon time -- often three years -- with the option to purchase the property at the end of the term. Usually, the buyer's installments go toward the overall purchase price.