Biz Write-Offs LogoBiz Write-Offs

Buying a private jet

$3M-$70M

Can You Write Off Buying a Private Jet?

Short answer: Business aircraft can be depreciated, often with 100% bonus depreciation in year one, but personal and entertainment flights reduce the write-off.

Keep flight logs with passengers and business purpose for every leg.

Records to keep: Keep receipts or invoices, proof of payment, and a short note of the business purpose.