Who Uses Thier Boat As A Write Off?
03-17-2005, 03:26 PM
#11
Charter Member # 55
Charter Member
Re: Who Uses Thier Boat As A Write Off?
Originally Posted by FASTERDAMITT
So I guess you can only use a primary home and a secondary home. No third, right?
Correct.
03-17-2005, 03:33 PM
#12
21 and 42 footers
Platinum Member
Re: Who Uses Thier Boat As A Write Off?
I believe sales tax will be a state thing. I register my boat under a corp in Delaware and don't pay sales tax (or personal property either). The info about interest is correct. I have had several cruisers in the past and wrote it off.
03-17-2005, 03:35 PM
#13
21 and 42 footers
Platinum Member
Re: Who Uses Thier Boat As A Write Off?
Originally Posted by FASTERDAMITT
So I guess you can only use a primary home and a secondary home. No third, right?
03-17-2005, 05:24 PM
#15
Registered
Re: Who Uses Thier Boat As A Write Off?
I sell 'Aqua-scooters' through my website and have to use my boat to carrying the scooters to a place to demo them - most times, the local party areas.
Write off boat payment, insurance, slip, lift, fuel, maintenance, website, dinners, etc.... and still have a fun time with the Aqua-scooter.
Its a MONEY LOSING BUSINESS....but will last three years for tax purposes.
Write off boat payment, insurance, slip, lift, fuel, maintenance, website, dinners, etc.... and still have a fun time with the Aqua-scooter.
Its a MONEY LOSING BUSINESS....but will last three years for tax purposes.
03-17-2005, 07:22 PM
#17
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Join Date: Apr 2003
Location: Janesville,Wi
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Re: Who Uses Thier Boat As A Write Off?
Rebarbox hit the nail on the head start a bs business and write all that off. In Wisconsin you can have a business up to 5 years lose money every year after that shut the business down start a new go another 5 years I've done it since I was 20. They make the rules we find the loop holes
03-17-2005, 07:50 PM
#19
Guest
Posts: n/a
Re: Who Uses Thier Boat As A Write Off?
Originally Posted by RebarBox
I sell 'Aqua-scooters' through my website and have to use my boat to carrying the scooters to a place to demo them - most times, the local party areas.
Write off boat payment, insurance, slip, lift, fuel, maintenance, website, dinners, etc.... and still have a fun time with the Aqua-scooter.
Its a MONEY LOSING BUSINESS....but will last three years for tax purposes.
Write off boat payment, insurance, slip, lift, fuel, maintenance, website, dinners, etc.... and still have a fun time with the Aqua-scooter.
Its a MONEY LOSING BUSINESS....but will last three years for tax purposes.
how can i become a dealer?
