Please ensure Javascript is enabled for purposes of website accessibility

Blog

How much do I have to use my aircraft for business to deduct it?


 

Transcript:

There’s no downward limitation on how much you have to use your business aircraft in order to take any deductions at all. That is, you should be able to take deductions for the direct operating expenses of business flights, provided that you’re properly structured, even if that amount of percentage of use is relatively de minimis. Most commonly what aircraft owners want to know is how much do they have to use their aircraft for business or qualified business use in order to be able to take accelerated depreciation. The answer to that question is either 25% of the use, plus additional business use that can get you to 50% or over 50% for qualified business use. Remember, aircraft business deductions are proportional, so even if aircraft is used 90% of the time for business, the deductibility of that last 10% of the expenses and the depreciation can be compromised by the personal use of the aircraft.

Advocate Covers:

Our Results

Service Agreements

Piston Aircraft Comprehensive Service Agreement

For Piston Aircraft  – $5,000 per year

Small Turboprop Comprehensive Service Agreement

For a single Turboprop Aircraft costing less than $2,000,000 – $7,500 per year

Large Turboprop Comprehensive Service Agreement

For Turboprop Aircraft costing more than $2,000,000 – $10,000 per year

Our Team

Meet the Attorneys

Jonathan Levy

Shareholder

Suzanne Meiners-Levy

Shareholder

Joseph Quackenbush

Managing Attorney

Richard Yan

Managing Attorney

Do you love aircraft? Work with our team of professionals!

Contact Us

Get in Touch
With Us

Get in Touch