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Jere Lull Jere Lull is offline
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First recorded activity by BoatBanter: Jul 2006
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Default Donna Lange runs aground

In article ,
Mark Borgerson wrote:

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.


If she were in the US, she couldn't do that for very long, but while
she's not in any particular country for a significant part of the tax
year, no country's tax laws apply. (okay, there may be technical
exceptions, but it's tough to send a bill to someone who is 5000 miles
away.)

--
Jere Lull
Xan-a-Deux ('73 Tanzer 28 #4 out of Tolchester, MD)
Xan's NEW Pages: http://web.mac.com/jerelull/iWeb/Xan/
Our BVI FAQs (290+ pics) http://homepage.mac.com/jerelull/BVI/