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#11
May 4th 04, 01:27 AM
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"Tony Cox" wrote in message ink.net... "Dan Thompson" wrote in message m... 1. What is the tax deductable rate for hourly use of aircraft (e.g. for cars it is $.36 a mile I believe)? $0.99 or $0.98 a mile, can't remember which, there is a specific provision for it You're thinking of the GSA rate that federal employees can get reimbersed at when using their plane for government business. Nothing 'official' as far as the IRS is concerned. Right. But I think IRS will track GSA. Any discrepancy will cause a red flag. Otherwise, you could write off all your airplance use at $100 per mile! 
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