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Old December 5th 05, 03:27 AM posted to rec.aviation.owning
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Default Aircraft tax question

sfb wrote:
The property is either your primary residence or some sort of
investment. The fact that you put money into the property changes the
financial basis - IRS word for original cost plus improvements. That you
improved the property does not in itself change the type of property..


Thanks. That makes it clear.

George Patterson
Coffee is only a way of stealing time that should by rights belong to
your slightly older self.