Using airplane/helicopter in construction business
"John Huthmaker" wrote in message
k.net...
This brings up a good question. Maybe I should post it in a new thread.
You probably should have.
I am a student with Utah Valley State College. As part of my course work
I am required to get my PPL, Instrument, and Commercial licenses. Since I
know you can write off school, there is no question about my tuition.
However, can I write off my flights? That would give me a nice $7000.00
deduction for the year.
You'll find better advice from a tax lawyer than from this newsgroup.
That said, I am reasonably certain that any flying not specifically required
by your school cannot be deducted. And I think you should probably
double-check on the question of the costs that are specifically required by
your school. Unless you are actually paying for that through tuition paid
directly to the college, I think it's possible the IRS would exclude those
costs as well.
Pete
|