If the dealer leases a car, it is not special vehicle inventory. If during the year, the dealer sells a lease car (for example, the lease expired and an individual purchased the car), the car is special vehicle inventory. If a dealer sells a car to a company that does not have a GDN or fleet identification number, the car is special inventory and needs to be reported on the monthly tax statement.
If a dealer both leases and sells motor vehicles, how does the dealer report the leased vehicles?
Downtown Administration
Records Building –
500 Elm Street, Suite 3300, Dallas, TX 75202
Telephone: (214) 653-7811 • Fax: (214) 653-7888
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