Appendix C-1. Inclusion Amounts for Cars First Leased in 1997 through 2000. Summary: This table is used to determine the amount to deduct from the lease payment deduction you take for business expense. The amount is determined by the fair market value of the vehicle (if more than $100,000, see Revenue Procedure 2000-18 (2000-9 I.R.B. 274) and the current tax year of the lease (for the last tax year of the lease, use the dollar amount for the preceding year). This table lists for fair market value brackets beginning at $15,800 to $76,000 and for the 1st year through the 4th year and for the 5th year and later. There is a note that follows the table that states:If the fair market value of the car is more than $100,000 or less than $47,000, see the document listed for the first year of the lease.

For 1997, Revenue Procedure 97-20 (1997-1 C.B. 647)

For 1998, Revenue Procedure 98-30 (1998-1 IRB 930)

For 1999, Revenue Procedure 99-14 (1999-5 IRB 56)

For 2000, Revenue Procedure 2000-18 (2000-9 IRB 274)

If you leased an electric car after August 5, 1987, use Appendix B.