Welcome to BT Cameron.....great lookin A36.. ...thanks for the pics....not sure this is public knowledge...."According to BT law it's customary for any new member from Texas to send BBQ to the first 10 responses welcoming you".......Brisket is fine by me...


Glad your're here.......

Cameron, it's not too late for you.

Delete all your posts here.

Remove BT from your bookmarks.

Wipe out your browser history.

Swear a blood oath never to return to this place.

It's too late for the rest of us, but you have your whole life ahead of you.

SAVE YOURSELF!

Welcome Cameron!

too funny.......

Nice bird
They sure seem bigger than a Be35, could be the angle but very graceful and fast. Your seats make the interior airy for passengers.

Oh cool prop too!
Welcome

Welcome,

I'm a Mooney flyer at the moment but in the process of moving up to an A36... Great intro, Ill have to remember this post when I get my new bird...
I have my own local business but I can't realistically think of how I can use my plane for business to use it as a tax right off... Any ideas or suggestions?
Im in Dallas so maybe a trip to KSEP for bar b que is in order...

Travis,

What kind of business? Also, do you have any real estate investments?

Tim

I own a bread route. I buy wholesale and then resale to Convenient stores... I own a certain territory... As far as real estate investment, I have a house but that's it...

Hmm, only way I can think to use that as a justification for business is you purchase another area which is in a location you like to visit therefore has a reason to go there. I have real estate investments near family so I can justify going to check on my property when I go visit my relatives. I have strategically located most of my investments this way....

Good luck,

Tim

My wife and I have been thinking about a condo investment, so that's a great idea! Thank you!

Sounds like you need some airport restaurant customers

Now your talking I could definitely figure something out like that...

Travis,

Check with your accountant. But Drew also might be onto something. You just need to close a few and have very detailed records and you can probably pull it off.

Tim

Travis, you need your own Intro post. But speaking of the OP, isn't Cameron a CPA not too far from you?

Yes, I am a CPA. That's what plane is nearly 100% used for.

If you can justify the business purpose of the plane travel, then it is absolutely a depreciable asset and associated expenses can be used for business purposes.

I specialize in governmental auditing and my clients are school districts and cities spread out all over the state of Texas. Therefore, that's what most of my aviation travel is used for. Like Tim, we also have rental investment property strategically located in Tennessee and California (also where family is located). So, when we head to see them either direction, I write off the expense of the travel because we not only visit family but also handle business as it relates to our properties.

If done correctly, you can make Uncle Sam pay for the cost of your aviation and put money in your pocket.