I want to buy a plane by year-end but they're not making it easy.

On Thu, 02 Dec 2004 06:42:49 GMT, "markjen"
wrote:

My advice is to cool your jets on buying an airplane and finish getting your
ticket. Flying your own plane just adds another distraction. Insurance
will be very, very tough to get. Keep your eye on the ball.

I think he's concerned about getting the tax writeoff. Presumably he
has a business, and this is a business expense. It's 50 percent, a big
deal, probably wipe out his taxes for a couple of years.

Seems a bit late in the day!

all the best -- Dan Ford
email: (put Cubdriver in subject line)

Warbird's Forum www.warbirdforum.com
Piper Cub Forum www.pipercubforum.com
the blog www.danford.net

I do believe the tax writeoff thing has been extended. Haven't been
paying attention to it, but thats what I recall.

John

It has been extended, but you have to have a deposit and contract before the
end of this year, and place the plane in service before the end of 2005. If
you meet the criteria, you can get the same 50% they got this year.


"John T" wrote in message
...
I do believe the tax writeoff thing has been extended. Haven't been paying
attention to it, but thats what I recall.

John