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Input is sought here from pilots and owners regarding income tax deductions for business use of aircraft. Information is requested about personal experience, useful books, articles, weblinks, contacts, experienced accountants, etc.
Here's my own particular question of the moment. During the past year, I've used my aircraft to travel from northern Virginia to another state to identify, purchase, renovate, and manage an investment rental property (I do not plan to use this property myself). I intend to repeat this process with more properties, one at a time. To what extent is this considered business use of my aircraft and therefore deductible from federal income taxes? What are the main issues, caveats, warnings, etc?
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