File 026218
Email Chain About Aircraft Management and Depreciation Rules (File 026218)
Email correspondence between Jeffrey E. and Barry J. Cohen discussing aircraft management decisions, including plane inspection status, renovation options, depreciation tax strategies, and potential switching between aviation service providers.
Summary
Jeffrey E. and Barry J. Cohen exchange emails regarding the management of an aircraft (GV). The correspondence covers ongoing inspections, planned renovations including internet installation and cushion replacement, and depreciation rules applicable to the aircraft under Trump administration proposals. Cohen discusses tax implications of different depreciation methods (accelerated vs. straight-line) based on foreign travel usage patterns, and E. inquires about the status of plane renovations and a potential sale. The emails also reference consideration of switching aircraft management services from Jet Aviation to EJM despite higher costs.
From: Barry J. CohenSent: 10/2/2017 8:30:27 PMTo: jeffrey E. [jeevacation@gmail.com]Subject: RE: Plane managementImportance: HighAdding Internet and possibly changing cushions. I recommended we do it with the 4 year inspection in the spring, buthaven't heard back from him. I think I talked him out of automating the divans. I agreed with what you said about that.From: jeffrey E. [mailto:jeevacation@gmail.com]Sent: Monday, October 02, 2017 4:29 PMTo: Barry J. Cohen <Subject: Re: Plane managementisnt he changing the cushions? etc and adding internet?On Mon, Oct 2, 2017 at 4:23 PM, Barry J. Cohen <______________________I> wrote:Ah yes.From: jeffrey E. [mailto:jeevacation@gmail.com]Sent: Monday, October 02, 2017 4:23 PMTo: Barry J. CohenSubject: Re: Plane managementnew depreciation rules proposed under trumpOn Mon, Oct 2, 2017 at 4:13 PM, Barry J. Cohen ______________________ wrote:GV is in inspection and going well. Not sure what renovations you mean?On depreciation, we think we cannot use accelerated due to foreign travel preponderance, and obviously can't usebonus because not new. We think we are stuck with straight-line depreciation which will be passive.Are you saying that Jet vs. EJM could hinge on the type of plane usage? Not sure I follow that.From: jeffrey E. [mailto:jeevacation@gmail.com]Sent: Monday, October 02, 2017 3:42 PMTo: Barry J. Cohen •(>; Melanie Spinella <_______________________________Subject: Re: Plane managementdont you want to see what the depreciation rules are. ? it depends on what you intend to do with it/ ? where doyou stand with the renovations and the sale of the 5On Mon, Oct 2, 2017 at 2:33 PM, Barry J. Cohen < > wrote:HOUSE OVERSIGHT 026218Thinking of switching from Jet Aviation to EJM. EJM is more expensive. Do you have a point of view?Sent from my iPhoneplease noteThe information contained in this communication isconfidential, may be attorney-client privileged, mayconstitute inside information, and is intended only forthe use of the addressee. It is the property ofJEEUnauthorized use, disclosure or copying of thiscommunication or any part thereof is strictly prohibitedand may be unlawful. If you have received thiscommunication in error, please notify us immediately byreturn e-mail or by e-mail to jeevacation@gmail.com, anddestroy this communication and all copies thereof,including all attachments. copyright -all rights reservedplease noteThe information contained in this communication isconfidential, may be attorney-client privileged, mayconstitute inside information, and is intended only forthe use of the addressee. It is the property ofJEEUnauthorized use, disclosure or copying of thiscommunication or any part thereof is strictly prohibitedand may be unlawful. If you have received thiscommunication in error, please notify us immediately byreturn e-mail or by e-mail to jeevacation@gmail.com, anddestroy this communication and all copies thereof,including all attachments. copyright -all rights reservedplease noteThe information contained in this communication isconfidential, may be attorney-client privileged, mayconstitute inside information, and is intended only forthe use of the addressee. It is the property ofJEEUnauthorized use, disclosure or copying of thiscommunication or any part thereof is strictly prohibitedand may be unlawful. If you have received thiscommunication in error, please notify us immediately byHOUSE OVERSIGHT 026219return e-mail or by e-mail to jeevacation@gmail.com, anddestroy this communication and all copies thereof,including all attachments. copyright -all rights reservedHOUSE OVERSIGHT 026220