"Ben Smith" wrote in message ...
Hello and happy Friday :

I requested an FAA CD-ROM with all the archived paperwork for my plane.
While looking through the various 'Bill of Sale' forms, most of them say '$1
+ OVC' for the selling price. (OVC = Other Verbal Consideration)

Valuable, not verbal.
They are usually trying to dodge some taxes. Only works with limited results.
Around here the tax office knows how to use the aviation equivalent of the blue
book. They'll compute the value of the OVC for you.