calberto wrote:

Hi, how do you depreciate a boat?

Take delivery from a dealer/broker? :-)

I am about to start a snorkeling
tour company in the Keys. The boat I am looking at is about 150K, 1-2
years old. How is that depreciated? Obviously, I'd prefer as soon as
possible so I can write off as much as possible. I'd like to know the
rules. Is it 30% year?

You should check with an accountant, or check the IRS site on the
web, but the general rule for capital expenditures that large,
IME, is 5 years. So, roughly $30K/year in deductions.

Keith Hughes