How much to ferry a plane

[epic!]

heck ill do it from free i need the hours

 

[FN FAL]

What is the going rate to ferry a small GA airplane?

Don't forget that flight time is valuable. It is especially more valuable to the time builder. Make sure you include this value as income, when you fill out your income taxes next year.

 

[cynic]

Don't forget that flight time is valuable. It is especially more valuable to the time builder. Make sure you include this value as income, when you fill out your income taxes next year.

Yeah ummm, not so much to me. But it sounds like $250 or $300 a day will be fair for a Saratoga.

 

[sleddriver71]

Very funny, I know you're not serious

 

[Diesel]

heck ill do it from free i need the hours

way to bring the industry down.

by the way what type of plane and what route. Might be a better way to figure out the rate.

 

[John2375]

Ever read "Air Vagabonds?" Awesome book

 

[FN FAL]

Very funny, I know you're not serious

The FAA views flight time as "valuable" compensation. In fact, this is one place where I think Avbug will agree with me.

So, if the FAA views flight time as a compensation, how come nobody is reporting it on their income taxes?

 

[i'mbatman]

The FAA views flight time as "valuable" compensation. In fact, this is one place where I think Avbug will agree with me.

So, if the FAA views flight time as a compensation, how come nobody is reporting it on their income taxes?

The FAA can pound one with 'flight time' as compensation. Until I can pay my bills with flight time, its not compensation.

 

[FN FAL]

The FAA can pound one with 'flight time' as compensation. Until I can pay my bills with flight time, its not compensation.

What about the IRS?

Title 26>Subtitle A>Chapter 1>Subchapter B>Part 1

§ 61. Gross income defined
(a) General definition

Except as otherwise provided in this subtitle, gross income means all income from whatever source derived, including (but not limited to) the following items:

(1) Compensation for services, including fees, commissions, fringe benefits, and similar items;

​

 

[FN FAL]

I'm thinking that any flight time up to including the ATP that is not a direct result of working for an employer or for your own business and is given in compesation for some duty, is taxable as compensation income.

In other words, flight time that you recieve while working at an FBO as an instructor, would be exempt from tax because you will be recieving a taxable income for performing the CFI duty...the airplane time would just be considered "incidental" to your employment as a flight instructor.

However, if you are flying planes for free to get the valuable compensation of flight time, you would not enjoy an exemption. The flight time would be taxable at the average going rental rate for that make and model.