They award it after the first of the year. That gives you a year to play with it,
then sell it to pay the taxes. Very few of the winners of the AOPA aircraft end
up keeping them. If they can afford to pay the taxes they can afford to buy an
airplane and probably already have.

If I won it, I might hold onto it long enough to get a multi rating and learn all
the whiz-bang stuff in the panel, then sell it and buy into an SR-22.

Dave Reinhart


Dave S wrote:

All these people who are keeping it are prepared to pay the "income tax"
hit from winning the plane at the end of the tax year, right?

Whats the value of the Twin Commanche? And.. 30% of that is??? (just
rough round numbers...)

Dave

Rosspilot wrote:

Just wondering what you guys would do with that sweepstakes airplane if Phil
called you up and told you it was yours.

Keep or sell?



www.Rosspilot.com