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charter/ depreciation

Discussion in 'General Yachting Discussion' started by david k, Nov 19, 2004.

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  1. david k, Nov 19, 2004
    #1
    david k

    david k New Member

    Joined:
    Nov 12, 2004
    Messages:
    5
    Location:
    Staniel Cay, Bahamas; Marina Bay, Ft. Laud
    Anybody familiar with term allowable for depreciation by IRS on boats used in charter? Also, has anyone used cost segregatoon method?
  2. ISMYachts, Nov 19, 2004
    #2
    ISMYachts

    ISMYachts New Member

    Joined:
    Jan 14, 2004
    Messages:
    20
    Location:
    Seattle,Norway,Ft.Lauderdale
    Here is a three day series from the Seattle PI relating to the following:

    Declaring your boat a second home can bring tax relief
    Small and large companies use boat write-offs
    Yacht owners will cruise international waters to save a bundle
    Ruling could end sweet "bare-baot" deals

    Listed below are were to find these articles:
    http://seattlepi.nwsource.com/local/199364_boatoffshore12.html
    http://seattlepi.nwsource.com/local/199197_boatshome11.html
    http://seattlepi.nwsource.com/local/199203_boatcharter11.html
    http://seattlepi.nwsource.comlocal?199019_boatcorporated10.html
  3. awayocean, Nov 19, 2004
    #3
    awayocean

    awayocean New Member

    Joined:
    Oct 19, 2004
    Messages:
    18
    Location:
    San Diego CA