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Tag Archives: bonanza

*Tax Quips, Aircraft Rentals, Passive Losses, Rental Properties

Just Plane Rental

Posted on March 3, 2014 by TaxMama

Today TaxMama® hears from NCTaxLady in the TaxQuips Forum, with an interesting situation. (Let me summarize) “My client bought an airplane in June. He used it 11 times and rented it out 5 times. How do I handle the reporting of this? And should he put the plane into an LLC?”

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Posted in *Tax Quips, Aircraft Rentals, Passive Losses, Rental Properties  |  Tagged *Tax Quips, aircraft rental, best, bonanza, cessna, fiscal follies, Free, Government, IRS News, IRS tax forms, jokes, maintenance services, Money Funnies, personal aircraft, personal airplane, Political economy, Property, Renting, renting airplanes, tax answers, tax blogger, tax humor, Tax Information, tax jokes, tax podcast, tax questions, tax tips, tax writer, Taxation in the United States, TaxMama, terrific, top, Value added tax Leave a comment
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