From: Richard Joslin
To: jeffrey E. <jeevacation@gmail.com>, lawrence delson aa>
Subject: Avionetta
Date: Wed, 14 May 2014 18:38:00 +0000
Attachments: doc00797020140514132154.pdf
I have call with Patrick Fenn on plane set up for Friday at Ilam. Please let me know if you wish to join.
As for use tax, during the 6 months that the QI owned the plane, there was an invoice for plane use billed from
Rance to N624N Trust. There was deemed/ notional payment and only use tax on the deemed lease payment. Tax
was at 7%. TVPEAT Inc is GP of Rance LLC and Rance address on invoice is Concord, MA. Sales/use rate in
MA is 6.25%. NJ rate is 7%.
Bill issued to Wells Fargo(trustee of N624N Trust.
This deemed lease ceased at end of 180 1031 period.
Attached is invoice/ loan amount.
Ori inal Messa e
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Sent: Wednesday, May 14, 2014 2:22 PM
To: Richard Joslin
Subject:
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