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THE TAX IMPACT OF CHARTERING YOUR AIRCRAFT - GKG Law

THE TAX IMPACT OF CHARTERING YOUR AIRCRAFT - GKG Law

business use that creates tax deductions (costs must be pro-rated) 4If aircraft is primarily used in a trade or business (not a widely held ā€œCā€ corp) and charter revenue paid to owner equals or exceeds 2% of the FMV (or unadjusted basis if lower) of the aircraft, then charte