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#1
September 1st 05, 04:21 AM
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Tax deductions for aircraft ownership for instruction
Are there any CFIs out there that own their own plane?
I'm just curious if the IRS has hassled you about tax deductions for your plane. 
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#2
September 1st 05, 06:45 AM
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Nope. I don't know of any CFIs who teach in their own aircraft. Its
very difficult to get insurance coverage for commercial operations with just one aircraft. Most people tend to lease their aircraft back so they can get the FBOs group insurance rate. Leasing back can be a good deal for commercial use aircraft (vs personal aircraft). -Robert, CFI
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