Aircraft tax question

George,

If you bought and sold a 4 wheeler and made a few bucks would
you report it? What about a car? See where I'm going?


Trip


In article BDxdf.1644$Pa4.1059@trndny01, says...

Ok, I know we have some tax experts out there. Tell me. When you sell an
aircraft, what taxes apply to the seller? Is this a capital gains/loss
situation? We're talking about an aircraft owned by and registered to a private
individual and used for pleasure.

George Patterson
Drink is the curse of the land. It makes you quarrel with your neighbor.
It makes you shoot at your landlord. And it makes you miss him.