Discussion:Airplane as business vehicle

From TaxAlmanac, A Free Online Resource for Tax Professionals
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.

From TaxAlmanac

Jump to: navigation, search

Discussion Forum Index --> Tax Questions --> Airplane as business vehicle

Bean (talk|edits) said:

9 January 2006
Can an S-corp buy an airplane (shareholder has pilot license) as a transportation vehicle as he travels quite often, and write it off as business expense? If so, can he section 179?

Riley2 (talk|edits) said:

10 January 2006
Yes. However, you need to watch the brand-new 274 rules that basically limit the deduction attributable to personal use to almost nothing (even if the employee is reporting the personal use as income).

Bean (talk|edits) said:

24 February 2006
WHere can find these 274 rules?

To join in on this discussion, you must first log in.
Retrieved from "http://www.taxalmanac.org/index.php/Discussion:Airplane_as_business_vehicle"