Estimated Trade-In vs Sale Analysis
Advocate Consulting Legal Group, PLLC
Initial Aircraft Purchase Price
Estimated Prior Accum. Depreciation
Initial Aircraft Purchase Date
Override if necessary
Sale / Trade Date
Sales Price / Trade-In Value
Life of Initial Aircraft Property
Total Cost of Replacement Aircraft
Life of Replacement Aircraft Property
Replacement Aircraft Basis (if trade)
Tax Rate (Federal & State)
Schedule of Net Total Depreciation Deductions
Sale and Purchase without Exchange
Tax Effect of Exchange over Sale
Sale of Current
Due to Sale
Tax Savings /
These results illustrate depreciation that is allowable under current federal tax guidelines for qualified taxpayers who use their aircraft in their trade or business.
However, there are a number of factors that are dependent on individual taxpayer circumstances that can impact the amount of depreciation deduction available.
Aircraft used predominantly in charter or other commercial use are depreciation over a 7-year life.
Aircraft predominantly operated on a noncommercial basis are depreciated over a 5-year life.
For more information contact Advocate Consulting at 888-325-1942.
Note: This information represents a general overview of tax deductions and should not be relied upon without an independent, professional analysis of how any of these provisions may apply to a specific situation.