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#24
December 4th 05, 03:28 AM
posted to rec.aviation.owning
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Aircraft tax question
TaxSrv wrote:
You probably forced the software to consider it investment property, which it wasn't. We can in provable circumstances hang onto a former home as investment property, but 9 months of just fixing up for sale won't make it such property in IRS eyes, no way. How about 14 years of fixing it up? That's what I did, and I have before and after photos to prove it. I pretty much gutted the place and rebuilt from scratch. George Patterson Coffee is only a way of stealing time that should by rights belong to your slightly older self. 
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