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Default Donna Lange runs aground

"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. :-)

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.

--
Glenn Ashmore

I'm building a 45' cutter in strip/composite. Watch my progress (or lack
there of) at: http://www.rutuonline.com
Shameless Commercial Division: http://www.spade-anchor-us.com


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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/
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Default Donna Lange runs aground

In article ,
Jere Lull wrote:

(okay, there may be technical
exceptions, but it's tough to send a bill to someone who is 5000 miles
away.)


It is easy to send the Bill, to the Registered Address, what is hard to
do, is get them to PAY IT.........


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