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January 5, 2025
Question

I bought an aircraft in 2024 for my consulting business. Should it be expensed as a vehicle or asset?

  • January 5, 2025
  • 1 reply
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    1 reply

    DaveF1006
    January 13, 2025

    It depends. Aircraft should be considered an asset because of its high cost value and that it is not used on the ground.  

     

    Aircraft Treatment by the IRS

     

     

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