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#11
January 20th 06, 03:57 AM
posted to rec.aviation.piloting
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Angel Flight
"Victor J. Osborne, Jr." wrote:
I own an A36. Fuel approx. 16/gal/hr + climb = $65/hr. Elizabethan (0A9) has a an A36 for $235/hr/dry. My question was, if I fly my own aircraft, can I deduct 'fair market' value, .i.e. $200+ /hr? No. IRS Regulations state, for charitable contributions, "...out-of-pocket transportation expenses necessarily incurred in performing donated services are deductible." That means only fuel, oil, and landing/parking fees. Fred F. 
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