Bonus Depreciation Temporary Guidelines Issued

Aviation International News » January 2004
January 29, 2007, 9:55 AM

The IRS has issued temporary guidelines on the bonus depreciation option. Four key benefits for business aviation have been identified: the availability of bonus depreciation for personal aircraft converted to business use; the application of bonus depreciation benefits to purchasers of fractional interests and demonstrator aircraft; expanded like-kind exchange benefits; and increased timing flexibility for taxpayers who lease their business aircraft.

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