SECTION 6. SIMPLIFIED METHOD
Internal Revenue Bulletin 2001-51 · 2026-10-03 edition · updated 2026-10-04 · United States
FOR INCLUSION OF THE VALUE OF DEMONSTRATION AUTOMOBILE IF NEITHER THE FULL NOR PARTIAL EXCLUSION APPLIES
Q–40. What method does an employer use to account for the use of demonstra- tion automobiles provided to employees who are not full-time salespeople?
Q–41. What method is used to account for the use of a demonstration automobile by a full-time salesperson who does not qualify for the full exclusion or partial exclusion?
Q–42. What are the requirements for using the full inclusion method for dem- onstration automobiles used by employ- ees who are not full-time salespeople or who are full-time salespeople?
Q–43. Under the full inclusion method, how does the employer determine the value of the demonstration automobiles provided to employees?
Q–44. How is the pro rata portion of the annual lease value amount included in income calculated?
Q–45. Under the full inclusion method, how does an employer determine the number of days that an employee has the use of a demonstration automobile?
Q–46. What records must an employer maintain to satisfy the requirements for the full inclusion method?
Q–47. What records must an employee maintain to satisfy the requirements for the full inclusion method?
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