PropsForward
Will Fly 4 Food
- Joined
- Oct 31, 2004
- Posts
- 374
Vik said:If you are a CFI, you should be able to deduct the cost of the Jepps and any other supplies from your small, but still very taxable income.
and I didn't say this: Collect receipts for cash purchases for supplies by your students after they don't need them anymore (for returns, etc.) What do you do with those receipts is your business, not mine.
You could also buy things like a clipboard, etc., and keep them and sell them at cost to your student instead of making them visit the pilot shop. Now you'll have legit receipts for items you bought for your job.
Isn't this how they got Capone???