Attention CPA's please help! I am a real estate agent who lists and
sells lakefront properties. I currenty show property to prospective
buyers with a 1996 pleasure boat. I was thinking about purchasing a
new boat after reading about the new 179 deduction that allows you to
deduct up to $100K on new equipment purchases. I have read that this
new tax law applies to SUV's over 6000 lbs but I can't find any info
if the full deduction will apply to pleasure boats around 3000 lbs.
Any help will be appreciated.