The FASB 13 Checklist and Worksheet is designed to assist you in determining whether your lease structure qualifies as an operating lease or a capital lease, as determined by the rules set forth by the Financial Accounting Standards Board in their Statement 13, Accounting For Leasing (FAS 13). Simply enter the indicated information, following the checklist and worksheet instructions, to see where your lease falls.

Note: The FASB 13 worksheet is provided as a convenience to our customers. We strive to provide accurate tools, but laws, regulations, and their interpretations change. You should always consult with a tax advisor to establish the proper tax status of your lease.

• The FASB 13 Worksheet