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"Capt. JG" wrote in message ... "Maxprop" wrote in message news ![]() Of course.. interest on the loan can be written off. A sizeable portion of the other expenses can be written off as business expenses. I could use the boat 50% as a vacation home 50% as a business. There's nothing wrong with that at all. Not unless the IRS disagrees. Correct of course, but that's why we have people who actually sign up to be a tax attorney. Will that same "tax attorney" defend you in a contested audit? I was talking about your accountant, but what the hell, if going to prison floats your boat, go for it. I guess if I were doing something illegal and my accountant were a part of it, we would have adjoining cells. g Is he cute? Is he your type? g Max |
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