Return-Path: Sender: "Marvin Kaye" To: lml@lancaironline.net Date: Tue, 15 Mar 2005 13:23:12 -0500 Message-ID: X-Original-Return-Path: Received: from imo-m27.mx.aol.com ([64.12.137.8] verified) by logan.com (CommuniGate Pro SMTP 4.3c2) with ESMTP id 794455 for lml@lancaironline.net; Tue, 15 Mar 2005 10:58:35 -0500 Received-SPF: pass receiver=logan.com; client-ip=64.12.137.8; envelope-from=MikeEasley@aol.com Received: from MikeEasley@aol.com by imo-m27.mx.aol.com (mail_out_v37_r3.8.) id q.77.41597a8b (3858) for ; Tue, 15 Mar 2005 10:57:48 -0500 (EST) From: MikeEasley@aol.com X-Original-Message-ID: <77.41597a8b.2f685ffc@aol.com> X-Original-Date: Tue, 15 Mar 2005 10:57:48 EST Subject: Re: [LML] Re: IRS Question X-Original-To: lml@lancaironline.net MIME-Version: 1.0 Content-Type: multipart/alternative; boundary="-----------------------------1110902268" X-Mailer: 9.0 Security Edition for Windows sub 5000 -------------------------------1110902268 Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Allan, I would think with an aircraft with large numbers in the field, you could get a good number for a no damage history vs. a damaged aircraft. I would guess on a new Mooney, the reduction in value would be considerably more than the repair cost. If you could get a certified appraiser to work up some numbers, those should hold up with the IRS. Not even close to being a CPA, but it makes sense to me. Mike -------------------------------1110902268 Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable

Allan,

I would think with an aircraft with large numbers in the field, you cou= ld=20 get a good number for a no damage history vs. a damaged aircraft. I wo= uld=20 guess on a new Mooney, the reduction in value would be considerably more tha= n=20 the repair cost. If you could get a certified appraiser to work up som= e=20 numbers, those should hold up with the IRS.

Not even close to being a CPA, but it makes sense to me.

Mike

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