Hello,
I have started a sole member LLC to provide services to Light Sport Aviation, Ultralight and Hang Gliding.
I used my Light Sport plane to tow hang gliders for compensation. I will receive 1099's for the payment received for towing services which I have entered in business income, but where should I enter the operating costs for my aircraft such as fuel, spare parts, maintenance and special tools etc..
This year (2020) I plan to use another Light Sport Aircraft to provide flight instruction and presume the operating costs should entered the same as for towing operations.
Thanks & regards
Mick
