The FAA prohibition is against "carrying persons or property for
compensation or hire." This is completely separate from the issue of whether
an experimental aircraft may be owned by a corporation.
For the plane to be part of the corporation in terms of whether its
ownership was a "sham" or a "fra
>From: "Max Hardberger"
. However, plane owners, like boat and RV owners,
>should remember that, due to past abuses, the IRS will carefully scrutinize
>any business deduction involving a recreational vehicle.
See I told you guys you didn't want to be subjected to this discussion.
What many on
8 AM
Subject: Re: KR>COMMERCIAL USE OF EXPERIMENTAL AIRCRAFT
> See I told you guys you didn't want to be subjected to this discussion.
> What many on the outside view as an argument, we view as points of
> discussion:-)
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