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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

    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

    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