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Tax, SDIRAs & Cost Segregation
HomeForumsTax, SDIRAs & Cost SegregationAirplane Ownership Legal Structure and Accounting
Robert VanZee's profile image
Robert VanZee's profile image
Robert VanZee
  • Rental Property Investor
  • from Hudsonville, MI
  • Member since Aug 29, 2016
  • Posts 14
  • Votes 15
  • Experience 7 Yrs
  • Investments 4
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14
Posts
15
Votes
Robert VanZee's profile image
Robert VanZee's profile image
Robert VanZee
  • Rental Property Investor
  • from Hudsonville, MI
  • Member since Aug 29, 2016
  • Posts 14
  • Votes 15
  • Experience 7 Yrs
  • Investments 4
Connect
Robert VanZee
  • Rental Property Investor
  • Hudsonville, MI
15
Votes |
14
Posts
Tax, SDIRAs & Cost Segregation

Airplane Ownership Legal Structure and Accounting

Robert VanZee
  • Rental Property Investor
  • Hudsonville, MI
Posted Jul 20 2019, 08:41

I am a real estate investor in Grand Rapids, MI and Anna Maria Island FL, and I am looking into purchasing a small airplane for both personal and business use. I currently have an LLC that holds 5 properties in MI and one in FL. Does anyone have advice on how to structure the aircraft purchase? Should I start a new LLC to hold the aircraft or just use my current LLC? How do I best account for the aircraft costs?

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