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#18
November 28th 05, 06:57 PM
posted to rec.aviation.owning
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AOPA Plane Giveaway and Taxes
What if the recipient's s-corp purchased the aircraft for the business?
Wouldn't that establish a basis? BTW: In California we have a minimum tax for S-corps, C-corps, LLC, etc of $800/yr. You would have to pay the $800/yr for the privilege of being incorporated. -Robert 
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