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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/ |
#2
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posted to rec.boats.cruising
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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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