Recently, Steven P. McNicoll posted:

"Neil Gould" wrote in message
...

If the club didn't have to pay for a pilot for services rendered
that they received payment, then the club had a net profit from the
pilot's contribution.


Not necessarily. They could also have a net loss or they could break
even.

I wasn't referring to their year-end financial report.

At any rate, I suspect that most laws and rules are written at a certain
level of naiveté and it is the unintended consequences that lead to such
ambiguities as those we're discussing. A service that you get for free
that you would otherwise have to pay for is recorded in the credits
column, and just that could qualify the service as a commercial
transaction. If that service is of sufficient value, it *will* be of
interest to the IRS and thus the FAA and so forth, regardless of the
year-end financial picture.

Bottom line as I see it is that unless someone has a bug up their
posterior, this ferry flight is unlikely to become an issue for anyone
unless the club picks up the cost of the trip.

Neil