dhc8fo
Well-known member
- Joined
- Dec 30, 2001
- Posts
- 402
I am putting my feelers out for the right way to organize a group of business people who want to buy an aircraft and have me manage it. The catch is that I will also be one of the owners and will be the paid pilot for everyone else.
I can see how we can keep it Part 91 pretty easily, but what I am having trouble with is how to make my part work tax-wise. Do I need to start a management company and have IT buy my part of the plane so I can get the tax benefits? Or can I buy my share personally and, because flying it for the others is my source of income, take advantage of the tax benefits??
So confused. Any help or guidance would be greatly appreciated.
I can see how we can keep it Part 91 pretty easily, but what I am having trouble with is how to make my part work tax-wise. Do I need to start a management company and have IT buy my part of the plane so I can get the tax benefits? Or can I buy my share personally and, because flying it for the others is my source of income, take advantage of the tax benefits??
So confused. Any help or guidance would be greatly appreciated.