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Old 03-29-2006 | 10:09 AM
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UConnQB14
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Joined: Apr 2005
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From: Glass
Default profit from owning a plane?

suppose i was to buy a decent Seneca II or III with another person.. what would be ways to offset the cost of the aircraft to us and get by the whole tax situation as well
i hear putting on 135 will help and the IRS likes to see the revenue produced from it, but what happens if charter ops arent looking good for the area
secondly, leaseback ends up costing a bunch in insurance and doesnt have the turnkey power as straight ownership does...

any thoughts are welcome
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