﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2023v5.1" xsi:schemaLocation="http://www.irs.gov/efile">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2024-10-09T07:46:53-07:00</ReturnTs>
    <TaxPeriodEndDt>2024-06-30</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>752747768</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>WARD ASEL &amp; ASSOCIATES PC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>5485 BELT LINE RD STE 290</AddressLine1Txt>
        <CityNm>DALLAS</CityNm>
        <StateAbbreviationCd>TX</StateAbbreviationCd>
        <ZIPCd>75254</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2023-07-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>262839460</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>JT AIRSHOWS INC</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>JTAI</BusinessNameControlTxt>
      <PhoneNum>8176587479</PhoneNum>
      <USAddress>
        <AddressLine1Txt>P O BOX 9</AddressLine1Txt>
        <CityNm>SLIDELL</CityNm>
        <StateAbbreviationCd>TX</StateAbbreviationCd>
        <ZIPCd>76267</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>TONY WOOD</PersonNm>
      <PersonTitleTxt>Director</PersonTitleTxt>
      <SignatureDt>2024-10-09</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>true</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>ROBERT L WARD</PreparerPersonNm>
      <PTIN>P00022591</PTIN>
      <PhoneNum>4697263819</PhoneNum>
    </PreparerPersonGrp>
    <TaxYr>2023</TaxYr>
    <BuildTS>2024-10-15 13:58:12Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="7">
    <IRS990PF documentId="IRS990PF" referenceDocumentId="GeneralExplanation" softwareId="23017517" softwareVersionNum="2023v5.1">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>0</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>25000</ContriRcvdRevAndExpnssAmt>
        <DividendsRevAndExpnssAmt>3584</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>3584</DividendsNetInvstIncmAmt>
        <DividendsAdjNetIncmAmt>3584</DividendsAdjNetIncmAmt>
        <TotalRevAndExpnssAmt>28584</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>3584</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>3584</TotalAdjNetIncmAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="AccountingFeesSchedule">1550</AccountingFeesRevAndExpnssAmt>
        <DeprecAndDpltnRevAndExpnssAmt referenceDocumentId="DepreciationSchedule">19389</DeprecAndDpltnRevAndExpnssAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSchedule AmortizationSchedule">28983</OtherExpensesRevAndExpnssAmt>
        <TotOprExpensesRevAndExpnssAmt>49922</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>0</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>0</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>0</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>0</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>49922</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>0</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>0</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-21338</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>3584</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>3584</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>14127</CashBOYAmt>
        <CashEOYAmt>4683</CashEOYAmt>
        <OtherInvestmentsBOYAmt>67901</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt>71495</OtherInvestmentsEOYAmt>
        <LandBldgEquipCostOrOtherBssAmt>357393</LandBldgEquipCostOrOtherBssAmt>
        <LandBldgEquipAccumDeprecAmt>287452</LandBldgEquipAccumDeprecAmt>
        <LandBOYAmt>89330</LandBOYAmt>
        <LandEOYAmt referenceDocumentId="LandEtcSchedule2">69941</LandEOYAmt>
        <TotalAssetsBOYAmt>171358</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>146119</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>0</TotalAssetsEOYFMVAmt>
        <OtherLiabilitiesBOYAmt referenceDocumentId="OtherLiabilitiesSchedule">6744</OtherLiabilitiesBOYAmt>
        <OtherLiabilitiesEOYAmt referenceDocumentId="OtherLiabilitiesSchedule">2843</OtherLiabilitiesEOYAmt>
        <TotalLiabilitiesBOYAmt>6744</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>2843</TotalLiabilitiesEOYAmt>
        <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
        <NoDonorRstrNetAssestsBOYAmt>164614</NoDonorRstrNetAssestsBOYAmt>
        <NoDonorRstrNetAssestsEOYAmt>143276</NoDonorRstrNetAssestsEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>164614</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>143276</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>171358</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>146119</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>164614</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-21338</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>143276</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>143276</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>50</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>50</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>50</TaxBasedOnInvestmentIncomeAmt>
        <TaxDueAmt>50</TaxDueAmt>
        <AppliedToESTaxAmt>0</AppliedToESTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>false</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>TX</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>jt airshows</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>TONY WOOD</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>8176587479</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>14110 WADE ROAD</AddressLine1Txt>
          <CityNm>DECATUR</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>76234</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>false</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <ActsFailToQlfyAsExceptionsInd>false</ActsFailToQlfyAsExceptionsInd>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>false</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>TONY WOOD</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 9</AddressLine1Txt>
            <CityNm>SLIDELL</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>76267</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JULIA A WOOD</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 9</AddressLine1Txt>
            <CityNm>SLIDELL</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>76267</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>EAA AIRVENTURE</Description1Txt>
        <Expenses1Amt>0</Expenses1Amt>
        <Description2Txt>NATIONAL WARBIRD CONFERENCE</Description2Txt>
        <Description3Txt>HOUSTON WARRIOR AIRSHOW</Description3Txt>
        <Expenses3Amt>216</Expenses3Amt>
        <Description4Txt>BRECKENRIDGE AIRSHOW</Description4Txt>
        <Expenses4Amt>450</Expenses4Amt>
      </SummaryOfDirectChrtblActyGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>0</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>0</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>0</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>0</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>0</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>0</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>0</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <TaxBasedOnInvestmentIncomeAmt>50</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>50</TotalTaxAmt>
        <DistributableBeforeAdjAmt>50</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>50</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>0</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>0</ExpensesAndContributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>0</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr2Amt>321</ExcessDistributionCyovYr2Amt>
        <TotalExcessDistributionCyovAmt>321</TotalExcessDistributionCyovAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <TotalCorpusAmt>321</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovToNextYrAmt>321</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear2Amt>321</ExcessFromYear2Amt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>TONY WOOD</ContributingManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionAmt>3584</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>3584</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>3584</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <IRS990ScheduleB documentId="IRS990ScheduleB" softwareId="23017517" softwareVersionNum="2023v5.1">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorPersonNm>TONY AND JULIA WOOD</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>PO BOX 9</AddressLine1Txt>
          <CityNm>SLIDELL</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>76267</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>25000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="AccountingFeesSchedule" softwareId="23017517" softwareVersionNum="2023v5.1">
      <AccountingFeesDetail>
        <CategoryTxt>TAX PREP</CategoryTxt>
        <Amt>1550</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="DepreciationSchedule" softwareId="23017517" softwareVersionNum="2023v5.1">
      <DepreciationPropertyGrp>
        <PropertyDesc>EQUIP - PARACHUTE</PropertyDesc>
        <AcquiredDt>2018-09-05</AcquiredDt>
        <CostOrOtherBasisAmt>4500</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>2893</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <Rt>0.1428</Rt>
        <CurrentYearExpenseAmt>643</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>EQUIP - CUB ENGINE</PropertyDesc>
        <AcquiredDt>2018-12-10</AcquiredDt>
        <CostOrOtherBasisAmt>27818</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>17883</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <Rt>0.1428</Rt>
        <CurrentYearExpenseAmt>3972</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>EQUIP - C195 ENGINE</PropertyDesc>
        <AcquiredDt>2019-01-11</AcquiredDt>
        <CostOrOtherBasisAmt>7755</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>4985</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <Rt>0.1428</Rt>
        <CurrentYearExpenseAmt>1107</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>EQUIP - WEATHER STATION</PropertyDesc>
        <AcquiredDt>2018-12-27</AcquiredDt>
        <CostOrOtherBasisAmt>648</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>418</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <Rt>0.1428</Rt>
        <CurrentYearExpenseAmt>93</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>EQUIP - TRANSPONDER</PropertyDesc>
        <AcquiredDt>2018-12-11</AcquiredDt>
        <CostOrOtherBasisAmt>685</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>441</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <Rt>0.1428</Rt>
        <CurrentYearExpenseAmt>98</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>2019 C195 EQUIPMENT</PropertyDesc>
        <AcquiredDt>2019-11-18</AcquiredDt>
        <CostOrOtherBasisAmt>1649</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>825</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <Rt>0.1429</Rt>
        <CurrentYearExpenseAmt>236</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>2020 C195 INTERIOR</PropertyDesc>
        <AcquiredDt>2020-02-25</AcquiredDt>
        <CostOrOtherBasisAmt>14700</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>7351</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <Rt>0.1429</Rt>
        <CurrentYearExpenseAmt>2101</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>2020 C195 AVIONICS</PropertyDesc>
        <AcquiredDt>2020-03-08</AcquiredDt>
        <CostOrOtherBasisAmt>16202</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>8101</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <Rt>0.1429</Rt>
        <CurrentYearExpenseAmt>2315</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>2019 CUB EQUIPMENT</PropertyDesc>
        <AcquiredDt>2019-12-31</AcquiredDt>
        <CostOrOtherBasisAmt>3093</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>1547</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <Rt>0.1429</Rt>
        <CurrentYearExpenseAmt>442</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>2020 PITTS EQUIPMENT</PropertyDesc>
        <AcquiredDt>2020-01-06</AcquiredDt>
        <CostOrOtherBasisAmt>677</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>339</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <Rt>0.1429</Rt>
        <CurrentYearExpenseAmt>97</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>2020 C195 EQUIPMENT</PropertyDesc>
        <AcquiredDt>2020-12-30</AcquiredDt>
        <CostOrOtherBasisAmt>7359</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>2629</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <Rt>0.1428</Rt>
        <CurrentYearExpenseAmt>1051</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>2021 PITTS ENGINE</PropertyDesc>
        <AcquiredDt>2021-02-01</AcquiredDt>
        <CostOrOtherBasisAmt>10606</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>3789</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <Rt>0.1428</Rt>
        <CurrentYearExpenseAmt>1515</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>NEW ENGINE R755A2</PropertyDesc>
        <AcquiredDt>2021-08-15</AcquiredDt>
        <CostOrOtherBasisAmt>31500</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>12215</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <Rt>0.1749</Rt>
        <CurrentYearExpenseAmt>5509</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>PROP GOV.RADIAL ENGINES</PropertyDesc>
        <AcquiredDt>2021-09-08</AcquiredDt>
        <CostOrOtherBasisAmt>1200</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>465</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <Rt>0.1749</Rt>
        <CurrentYearExpenseAmt>210</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
    </DepreciationSchedule>
    <LandEtcSchedule2 documentId="LandEtcSchedule2" softwareId="23017517" softwareVersionNum="2023v5.1">
      <LandEtcGrp>
        <CategoryOrItemTxt>Auto./Transportation Equip.</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>211755</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>189092</AccumulatedDepreciationAmt>
        <BookValueAmt>22663</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>Machinery and Equipment</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>145638</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>98360</AccumulatedDepreciationAmt>
        <BookValueAmt>47278</BookValueAmt>
      </LandEtcGrp>
    </LandEtcSchedule2>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="23017517" softwareVersionNum="2023v5.1">
      <OtherExpensesScheduleGrp>
        <Desc>ADVERTISING</Desc>
        <RevenueAndExpensesPerBooksAmt>1357</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>EQUIPMENT - CUB</Desc>
        <RevenueAndExpensesPerBooksAmt>3862</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>FUEL</Desc>
        <RevenueAndExpensesPerBooksAmt>3971</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>10510</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MAINTENCE</Desc>
        <RevenueAndExpensesPerBooksAmt>2620</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MEMBERSHIP</Desc>
        <RevenueAndExpensesPerBooksAmt>1440</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OIL</Desc>
        <RevenueAndExpensesPerBooksAmt>2104</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>REGISTRATION</Desc>
        <RevenueAndExpensesPerBooksAmt>10</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>SUPPLIES</Desc>
        <RevenueAndExpensesPerBooksAmt>2336</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>UNIFORM</Desc>
        <RevenueAndExpensesPerBooksAmt>773</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherLiabilitiesSchedule documentId="OtherLiabilitiesSchedule" softwareId="23017517" softwareVersionNum="2023v5.1">
      <OtherLiabilitiesDetail>
        <Desc>CC</Desc>
        <BOYBookValueAmt>4564</BOYBookValueAmt>
        <EOYBookValueAmt>674</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
      <OtherLiabilitiesDetail>
        <BOYBookValueAmt>2180</BOYBookValueAmt>
      </OtherLiabilitiesDetail>
      <OtherLiabilitiesDetail>
        <Desc>Rounding</Desc>
        <EOYBookValueAmt>2169</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
  </ReturnData>
</Return>