"Peter R." wrote:
... any accelerated depreciation will be recaptured by the IRS in
the
form of a capital gains tax, but this is only a straight 20% tax
versus
an individual income tax bracket of normally a 32% to 40% tax.

Any and all depreciation, not just accelerated, is recaptured at
ordinary rates, not capital gains rates. Also, the aircraft has to
be used in an actual trade or business in order to depreciate it.

Fred F.