Do you have any backup for this, i.e. IRS ruling or opinions? I am told it
is actual expenses only. An A36 rents nearby at $235/hr dry. I deduct
fuel only (approx. $65/hr) & add perhaps $5 for oil.

TIA, {|;-)

Victor J. (Jim) Osborne, Jr.

"Stephen N Mills" wrote in message :
The practice at Angel Flight GA (based at PDK, Atlanta) that I fly for
is to deduct the 'fair market value' of the flight hours. An FBO on
the field rents a Cardinal '75 RG for $125+ per hour. I submit a
flight report after each flight in my owned '75 177RG. The next Jan,
AF sends me a statement showing the totals for my tax return.

- Steve Mills
N2679V 'Vicky'
Cardinal '75 RG
@ PDK, Atlanta