LogFAQs > #978966606

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Topic	Did you know? There is a Yacht tax deduction. If you own a Yacht you can DEDUCT
Mizznox 02/21/24 2:38:25 PM #11:	WingsOfGood posted... First, you need to use the yacht more than 50 percent for business transportation. Once you meet the more than 50 percent test, your potential tax deductions include fuel costs, insurance, repairs, dock or slip fees, caretakers salaries, hurricane storage, and depreciation Now, if more than 50% of my car's usage is getting me to and from work, surely the same sort of deductions are available to me, right? ... right? --- https://i.imgur.com/qUAL3fG.gifv <cite>Mizznox posted [p:978966606] in Did you kn... [t:80702401]...</cite> <quote>WingsOfGood posted... </cite><quote>First, you need to use the yacht more than 50 percent for business transportation.Once you meet the more than 50 percent test, your potential tax deductions include fuel costs, insurance, repairs, dock or slip fees, caretakers salaries, hurricane storage, and depreciation</quote>Now, if more than 50% of my car's usage is getting me to and from work, surely the same sort of deductions are available to me, right? ... right? --- https://i.imgur.com/qUAL3fG.gifv</quote> ... Copied to Clipboard!
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