"Robert M. Gary" wrote:

Why buy it from the recipient? Why not just pick up trade-a-plane and
buy a plane? If your corp is going to buy a plane, winning one by the
owner doesn't effect anything. The owner still pays all taxes from the
winning.

Sorry, my original response was a result of reading your quote above too
fast. After understanding your comment, I should point out that the goal
of such a transaction would be to minimize the net income tax owed to the
IRS that year, not simply to acquire an aircraft.

--
Peter