Return-Path: Sender: "Marvin Kaye" To: lml@lancaironline.net Date: Tue, 15 Mar 2005 09:51:55 -0500 Message-ID: X-Original-Return-Path: Received: from mail2.jocogov.org ([63.150.227.13] verified) by logan.com (CommuniGate Pro SMTP 4.3c2) with ESMTP id 794320 for lml@lancaironline.net; Tue, 15 Mar 2005 09:37:19 -0500 Received-SPF: none receiver=logan.com; client-ip=63.150.227.13; envelope-from=Lee.Metcalfe@jocogov.org X-MimeOLE: Produced By Microsoft Exchange V6.5.7226.0 Content-class: urn:content-classes:message MIME-Version: 1.0 Content-Type: multipart/alternative; boundary="----_=_NextPart_001_01C5296C.6308CC98" Subject: [LML] Re: IRS Question X-Original-Date: Tue, 15 Mar 2005 08:36:34 -0600 X-Original-Message-ID: <4B9B1B1833408C40AE2F14A881F276F604102C27@admsmxs2usr10.ad.jocoks.com> X-MS-Has-Attach: X-MS-TNEF-Correlator: Thread-Topic: [LML] Re: IRS Question Thread-Index: AcUo+nXCXnb94YDjSneZl7jEDDsp1wAcSvfA From: "Metcalfe, Lee, AIR" X-Original-To: "Lancair Mailing List" , "Allan Scherr" This is a multi-part message in MIME format. ------_=_NextPart_001_01C5296C.6308CC98 Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable Allan: =20 I looked into this exact issue when I had my prop strike. A tax attorney friend of mine, who is also an RV builder/flyer, told me that since the insurance company had my engine rebuilt and bought me a new prop, my plane was actually worth more after the accident. I was only out of pocket the $250 deductible, so it wasn't worth mentioning to the tax Gestapo. =20 Lee Metcalfe N320WH - Kansas City ------_=_NextPart_001_01C5296C.6308CC98 Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable
Allan:
 
I looked=20 into this exact issue when I had my prop strike.  A tax attorney = friend of=20 mine, who is also an RV builder/flyer, told me that since the insurance = company=20 had my engine rebuilt and bought me a new prop, my plane was actually = worth more=20 after the accident.  I was only out of pocket the $250 deductible, = so it=20 wasn't worth mentioning to the tax Gestapo.
 
Lee=20 Metcalfe
N320WH -=20 Kansas City
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