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PPL Flight Expenses Legal?
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September 3rd 05, 05:25 AM
George Patterson
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wrote:
About two years ago I recall reading that there was a rate of
$0.975/mile for use of GA aircraft. Auto rate was about $0.37 at the
time. I'm not sure if this was official IRS rate or a contract rate set
by GSA or somehting similar.
I also recall reading that. I had occasion to check my tax software (TurboTax)
last year, however, and they had no provision for writing off aircraft usage
using a standard rate. As far as I can tell, the only way to do it was to fill
out all the expense info, percentage of business usage, etc.. Since I only put
about 20 miles on the plane for business, I decided it wasn't worth it.
Of course, this may simply be a shortcoming in TurboTax.
George Patterson
Give a person a fish and you feed him for a day; teach a person to
use the Internet and he won't bother you for weeks.
George Patterson