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Author Topic: taxes  (Read 387 times)

Offline tdf42

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  • Posts: 90
taxes
« on: April 22, 2015, 06:14:55 AM »
Does the loss on the sale of old aircraft reduce your tax burden at the end of the year?

Offline Scott

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Re: taxes
« Reply #1 on: April 22, 2015, 05:57:22 PM »
Yes, it's a book loss.  In the same way a profit is taxable.

Offline tdf42

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  • Posts: 90
Re: taxes
« Reply #2 on: April 22, 2015, 06:20:33 PM »
thanks

 

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