Why are you changing? Schedule C is only used for business expenses. So you would never use it for personal property. Personal property expenses are not deductible other than property taxes if you itemized, then they would show up on Schedule A.
Schedule E is for investment property. If you were renting out the hanger to others, then it would be reported on Schedule E. If you were flying people around and giving tours or something similar, then you would report it on Schedule C.
Whether the land is owned or leased doesn't impact the deductibility of the hanger. Business or personal use does.
What is this hanger for? Personal use or is it a business?
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