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#11
November 28th 05, 06:21 PM
posted to rec.aviation.owning
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AOPA Plane Giveaway and Taxes
TaxSrv wrote:
"Ron Natalie"wrote: I agree with Fred here. In the case of something like a "New Car" the IRS will consider the value to be the MSRP. However since this isn't the case, some acceptable appraisal technique (blue book, etc...) will apply. The IRS has no basis in case law to enforce MSRP on a car, Sorry Fred, but if you are really a tax expert, you should do some research into the issue. The MSRP *IS* what the IRS values a new car winning as . 
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