Thursday, August 28, 2008
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Could Jet Rental Be Tax Deductible?
...pile for trips that were taken for personal, non-business related travel. The charter flights for personal trips would not be eligible for a business tax deduction because they are not business related. But be sure to take a look at them at this time. This will give you an opportunity to plan ahead for next year. Will any of these types of flights be recurring from year to year? Is there some way that any of those trips could include a business purpose? If so, then you may be able to use them next year as a business tax write-off if you can make sure that those trips were taken for a reason related to your business.
The o...more
