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#10
December 2nd 04, 05:42 PM
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On Thu, 02 Dec 2004 14:48:54 GMT, Nathan Young
wrote: On Thu, 02 Dec 2004 00:49:50 GMT, "G.R. Patterson III" wrote: Nathan Young wrote: I would keep it, fly the heck out of it, and smile all the time... I wonder what the cost basis is for the plane for tax purposes? $225,500. So far. Is that the money AOPA put into it, or market value? Wouldn't the cost basis be the market value? Cost basis is the incorrect term. This should probably be tax basis. 
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