Search results

  1. T

    Plane purchases, gifts, and the tax man

    Ahh, funding source and ownership intent. JimBob is using 100% his own funds for the purchase, but had intended to let Cleetus have full and free use of the plane bc Cleetus had extended him the same courtesy with his boat. JimBob realizes and accepts that by gifting the plane to Cleetus, he...
  2. T

    Plane purchases, gifts, and the tax man

    It's JimBob, get it right! :fingerwag: And you are correct, JimBob is an impatient man. He and Cleetus were excited about not having to drive 4+ hours to get to the plane for the next six months. Although not previously mentioned in this thread, the six month strategy is something JimBob and...
  3. T

    Plane purchases, gifts, and the tax man

    Florida used to have a gift tax a long time ago, but it was repealed sometime in the mid-aughts. There is no value-based taxation or registration fee on personal property in Florida, only real estate. Sales/use tax is a one-time deal, and based on actual transaction price only. A weird quirk...
  4. T

    Plane purchases, gifts, and the tax man

    First, I realize this is a question for a tax attorney if the rubber were really going to hit the runway on something like this. I'm not looking for legal advice. I just thought this might be a fun exercise to post up here to see if anyone else has ever thought of (or tried) this, or heard of...
  5. T

    Fear of paperwork

    Thanks, yeah I never believed in the thing about "those who have, and those who will" with retract pilots. I do now obviously lol, being a newly minted member of the former. It hadn't sunk in before that some gear-ups are legit mechanical failures and not just pilot error. All paperwork for me...
  6. T

    Fear of paperwork

    Resurrecting this thread to +1 this comment and add my data point. Unfortunately, I had to land with my nose gear retracted a couple nights ago. The mains extended normally, but the nose gear was jammed and all troubleshooting failed. I declared and proceeded to my home base, which happens to be...
  7. T

    Cessna 172 crash at zephyrhills 12/07/23

    The ASN narrative was updated. Dan Gryder did the updating on 12/11. I am definitely not a fan of his, but his facts are usually accurate. Someone else also updated the ASN report to reflect the CFI as [possibly] still alive. CFIs around my local hangar that keep up with the Tampa Bay Pilots...
  8. T

    Cessna 172 crash at zephyrhills 12/07/23

    It's probably not so much "right or wrong" as opposed to just one of those individual risk tolerance things. As is the case for most of us, I did seemingly countless touch-and-goes in my primary training and didn't think twice about it. It became more of a thing for me when I decided to pursue...
  9. T

    Cessna 172 crash at zephyrhills 12/07/23

    I was overflying the area around the time of the mishap. There was **a lot** of parachute jumping activity being announced for KZPH when I was on with Tampa Approach. Not to play Monday Morning QB, but I'm not so sure how great of an idea it was to take a student to an airport with a bunch of...
  10. T

    Richard McSpadden Crash

    This. It takes a high degree of fortitude to simply accept a loss that strikes close to home. It makes us face our own mortality. It forces us to acknowledge that we all have a lack of agency in the face of Lady Luck. We lost two good ones on Sunday. These two great pilots simply pulled the...
  11. T

    A&P hourly wage.

    I respectfully disagree, on multiple counts. 1. A lot of the wrenching people do on cars most certainly does have the same criticality as aircraft maintenance. Mess up your brake lines and you might be dead. Mess up your wheel hub, or even just your lug nuts, and you might be dead. Pretty...
  12. T

    A&P hourly wage.

    There are some professions where that is true. Mine, for example. If you have a serious illness, you need me way more than I need you. And when I say need, I mean it in the most existential way possible. But - I would be out of business if it weren't for my patients. It's a symbiotic...
  13. T

    Compass cracked - bird strike

    I tend to agree with you. $195 for a piece of plastic flimsier than a 2 L soda bottle is highway robbery. This one may be getting rebuilt with "owner-supplied parts" (a cutout from a water bottle of appropriate diameter + some glue +/- a couple zip ties).
  14. T

    Compass cracked - bird strike

    You were 100% correct, it is just the mount. I did not realize the mount was an entire case around the compass and thought the compass body itself had cracked. Thank you! Spot on with the part, thanks!
  15. T

    Compass cracked - bird strike

    That is correct. No idea how the prop didn't get it, but there is absolutely zero evidence it hit the prop. Good point. I see what you are saying after looking at that picture again. I will recheck the compass/mount later today and see if that is the case. That would certainly simplify the repair.
  16. T

    SLSA TBO question

    This blog post from 2021 has more than you ever wanted to know about light sports and TBO.
  17. T

    Compass cracked - bird strike

    For those who want the details, they are below. The TL;DR is: I need to replace my compass. Does this fall under pilot-performed maintenance like basic R&R of other instruments, or does this one need an A&P or even a specialist avionics shop? I am unsure due to the fact compasses are calibrated...
  18. T

    Cost questions for: ADSB-Out, autopilot, and interior upgrade?

    I am going to play a little devil's advocate here. This *could* be the plane for you, if you get a price you feel is fair and it sails through a reputable pre-buy. OTOH, it could be an awful option. IMO, there just isn't enough information to make a recommendation. What is the mission? You...
  19. T

    I’m calling the peak

    Agree, increase in inventory (i.e. supply) *can be* a leading indicator for price trends, being 50% of that whole Econ 101 supply/demand thing. The thing is, what is happening with demand? That is harder to deduce in real-time. Also, with such small numbers of total inventory of any one...
  20. T

    advice for handling A&P shop

    This. A couple of weeks ago, I went out there to do an in-person evaluation of what was going on. Jaws in the shop hit the floor when I walked in - they definitely did not expect to see me. Miraculously, the plane would now magically be ready the next day, so I called a local CFI who I had been...
Back
Top