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#41
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John Galban wrote:
George wrote: I can't imagine what a non-passenger flight would be. Don't know if Angel Flight is the same, but I've flown non-passenger missions for other organizations. Typically it means flying blood products (whole blood, plasma, etc...) to some of the more out-of-the-way places in your region. Out here in the timezone the rest of the world forgets (I live in the same time zone as John, just a couple states over) AFW is important for blood and organ transportation. There's a blood drive almost every week, somewhere in the Rocky Mountain area. For example, if the drive is in Alamosa (ALS), it's 4 hours (or more, depending on weather) to drive the blood back to Denver for the blood center. According to Bonfils Center, AFW allows the blood to be distributed 12-24 hours sooner than driving. AFW is really needed out here due to the distances between major airports. We're not exactly in the bush pilot league, but some of the airports we fly to (and how we get there!) are truly out of the way. |
#42
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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 |
#43
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"Victor J. Osborne, Jr." wrote:
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. Am I to assume that you are not flying the rental A36, but rather your own aircraft? One interpretation of your paragraph is that you rent the aircraft for $235, but only deduct fuel and oil. -- Peter |
#44
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Sorry, no.
I own an A36. Fuel approx. 16/gal/hr + climb = $65/hr. Elizabethan (0A9) has a an A36 for $235/hr/dry. My question was, if I fly my own aircraft, can I deduct 'fair market' value, ..i.e. $200+ /hr? Thx, {|;-) Victor J. (Jim) Osborne, Jr. "Peter R." Am I to assume that you are not flying the rental A36, but rather your own aircraft? One interpretation of your paragraph is that you rent the aircraft for $235, but only deduct fuel and oil. -- Peter |
#45
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"Victor J. Osborne, Jr." wrote:
I own an A36. Fuel approx. 16/gal/hr + climb = $65/hr. Elizabethan (0A9) has a an A36 for $235/hr/dry. My question was, if I fly my own aircraft, can I deduct 'fair market' value, .i.e. $200+ /hr? No. IRS Regulations state, for charitable contributions, "...out-of-pocket transportation expenses necessarily incurred in performing donated services are deductible." That means only fuel, oil, and landing/parking fees. Fred F. |
#46
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TaxSrv wrote:
No. IRS Regulations state, for charitable contributions, "...out-of-pocket transportation expenses necessarily incurred in performing donated services are deductible." That means only fuel, oil, and landing/parking fees. Take that total and then divide by 50%, right? The IRS just loves charity. ![]() -- Peter |
#47
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Thanks I see they did change that. It used to be that renter pilots
requied an annual checkout by their FBO. I'm not sure if that rule lasted for an entire year. At one point I was a mission check pilot but the eventually got rid of us. Last I checked, I still have Command Pilot standing though. Even after going back and forth, I think they still messed up the BFR requirement. I don't know why they tried to get so fancy. Had they just said, "you must meet the FAAs 61.56 requirement) it would be easy.Now they list wings (which is redundant) and company check outs for 135 (which, again is redundant). -Robert |
#48
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Many, that mom must have been sore.
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#49
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That's what I thought.
Thx, {|;-) Victor J. (Jim) Osborne, Jr. "TaxSrv" wrote in message No. IRS Regulations state, for charitable contributions, "...out-of-pocket transportation expenses necessarily incurred in performing donated services are deductible." That means only fuel, oil, and landing/parking fees. Fred F. |
#50
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I just heard from Angel Flight SC. They now require 250 Hours, up from 200 for
Command PIlot. George George If you request flight following, can you really "slip the surly bonds of earth"? |
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