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Old November 22nd 05, 03:20 PM posted to rec.aviation.owning
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Default Aircraft tax question


"81mm" wrote in message
news:nDFgf.291$Dx3.189@trnddc07...

A reply to sfb who stated:

Don't give up your day job to do taxes.

Topic 409 - Capital Gains and Losses
http://www.irs.gov/taxtopics/tc409.html

Almost everything you own and use for personal or investment purposes is
a capital asset. Examples are your home, household furnishings, and
stocks or bonds held in your personal account.

Yeah.., well (sfb), don't give up your day job either.., it's you, and
others like you who are "working" up into July or August of the year just
to pay taxes you never owed to begin with (smile)!!
I'm sure if you can fly (and land) an aircraft, then you're able to do a
little research on the smiple definition of "income", as in Income Tax
(grin)..!!


Nice evasion for a response. You an remove that foot from your mouth
anytime.

(rest of drivel snipped)