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#1
March 5th 04, 06:54 PM
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"Mike Rapoport" wrote in message
link.net... Excepting depreciation, on the return itself, most aircraft expenses are recorded on lines that don't specify that the expense relates to an airplane at all. (Maitenance, travel, rent, interest) Form 4562 (depreciation) does not say aircraft are "Listed" property. I think you could hide one as general MACRS 5-year property. Perhaps they'd think it was a big computer! Tony (not a CPA, but who has had to wrestle with all this crap thanks to the incompetence of those who have claimed to be). 
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