“The cost of purchasing a private plane can be deducted by a business that owns the plane, said Howard Gleckman, a senior fellow at the Urban-Brookings Tax Policy Center at the Urban Institute. If the plane is used only for business purposes, it can be expensed or written off in the year that it is acquired, Gleckman said. If the plane is used for both business and personal uses, it generally can be written off over a period of years. If it has only personal uses, there is no write-off, experts said.” Link
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