BoatBanter.com - View Single Post

Mark Borgerson

In article , says...
"NE Sailboat" wrote ...
John,, I am wondering .. ?? Donna has a web site where she accepts
donations which are used for her living expenses, is that right?

Is this money considered income? I'm not complaining ,, more just
thinking. Can anyone just set up a web page and ask for money to live on
as they sail about?

Just thinking about it, if you plan a unique passage so you can generate a
lot of hits, set up a web page, get a few advertisers and ask for donations
maybe you could call it a business and deduct the cost of the cruise as a
business expense. :-)

There's a minor hitch in that. You can't deduct more expenses than you
have income from the business. Depending on whether you have to count
the initial expense for the boat, you might need a LOT of income to
make a profit.

The power of the 'net is pretty amazing. The little 3 or 4% commission I
get from Amazon for the links on my tools and books page generates a couple
of boat bucks a year.

Mark Borgerson