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Old December 24th 04, 02:46 PM
Ron Natalie
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wrote:
So much has been said about tax writeoff for certified new plane
purchases.
Any possibility for homebuilts? When the kit is purchased? When
completed
and registered?


None of the above.


First, the writeoff is only for business expenses. Are you going to
use it for business purposes.

But notwithstanding that, the bonus depreciation requires you to
actually PUT THE EQUIPMENT INTO SERVICE before the cut off date.