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Old December 4th 05, 02:28 PM posted to rec.aviation.owning
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Default Aircraft tax question

The property is either your primary residence or some sort of
investment. The fact that you put money into the property changes the
financial basis - IRS word for original cost plus improvements. That you
improved the property does not in itself change the type of property..

"George Patterson" wrote in message
news:q3ukf.825$Qf5.702@trndny07...
sfb wrote:
14 years of improvements changes the basis not the type of property
from primary residence to investment.


I'm not sure what you mean. Are you saying the property was
investment?

George Patterson
Coffee is only a way of stealing time that should by rights
belong to
your slightly older self.