The tax code now allows 100 percent bonus depreciation for an aircraft purchase up until 2023
Manage episode 336153378 series 3168000
Featuring Mohammad Ahmed Faruqui From Aerolaw Offices PLLC. On the face of it, anyone can deduct 100 percent of a plane's purchase price and maintenance expenses if the plane is used for nonrecreational purposes or leased to a flight school. After the first year, to keep the deduction, the owner has to ensure that the plane is used at least 50 percent of the time for business.
--- Support this podcast: https://podcasters.spotify.com/pod/show/philip-bell/support68 επεισόδια