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Showing results for tags 'tax'.
Found 2 results
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I'm seeking information on aircraft property tax in California. I've done some searches and can't seem to find any methodology other than "tell us about your airplane, and we'll send you a tax bill." This will be non-business, personal use only. Yet another field I'm trying to fill in on the buy-an-airplane spreadsheet... I don't know whether to assume $1000 or $10,000 for a $100,000 airplane. Thanks for any insight.
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I was wondering if anyone knows the regulations on what can be tax deducted on aircraft ownership. As we all know, military aviation budget has been affected due to government secuestration. As an aviator in the Army, I was wondering if I could tax deduct flight training (out of my own pocket) in order to maintain IFR proficiency. Are there any mooniacs who are also tax lawyers and can shed some light on this subject?
