On Wed, 04 Jan 2006 08:00:04 -0500, Harry Krause wrote:

JohnH wrote:
On Tue, 03 Jan 2006 22:36:08 -0500, DSK wrote:

FWIW we have used the boat loan interest deduction for years. There are
several criteria, among them that the boat has to have a potty & a galley,
and you have to sleep on board for a certain number of nights per year.

NOYB wrote:
How many nights per year?

I don't know for sure. Ask an accountant. It's the same as
the number of nights you need to sleep in a 2nd home for it
to qualify for the same deduction.

DSK

No you don't, unless you are renting out the second home also.



You mean I have to deduct the rent I receive from the raccoons who are
wintering in my old barn?

No. You must *claim as income* the rent you receive from said raccoons. If you are
also paying interest on a loan securing the barn, then you could, meeting all other
requirements, claim the barn as rental property and deduct the mortgage interest
you're paying on the barn.

If the barn is 'rental property', then you can also claim a host of other 'expense'
deductions for the property, like depreciation.

Be careful. Once you spend too many nights in the barn, you must then treat it
differently! Memorize IRS Pub 527.

--
John H.

"Divide each difficulty into as many parts as is feasible and necessary to resolve it."
Rene Descartes

Note how a just a very small number of people jump at the chance to turn a
thread political.


"Reggie Smithers" wrote in message
...
Harry,
When did Chuck Gould and all the other old timers become JimH's
facilitators?

The NG is better off without the mindless name calling.


"Harry Krause" wrote in message
. ..
Fred Dehl wrote:
Tamaroak wrote in news:576dnVxMv5qMfyTeRVn-
:

The poor in this country don't qualify for these deductions

It's hard to qualify for a deduction when YOU PAY NO INCOME TAXES IN THE
FIRST PLACE. The bottom FIFTY PERCENT of taxpayers pays ONLY FIVE
PERCENT of income taxes.


Your "facts" are wrong. But, of course, demonstrating that would be
making a political statement, and such thinking is verboten in this
mindless morass of born-again, part-time, goody two shoes. Just ask the
Rev. Jim or his facilitators.

The only effective way to respond to a NG troll is to ignore them.


"P. Fritz" paulfritz ATvoyager DOTnet wrote in message
...
Note how a just a very small number of people jump at the chance to turn a
thread political.


"Reggie Smithers" wrote in message
...
Harry,
When did Chuck Gould and all the other old timers become JimH's
facilitators?

The NG is better off without the mindless name calling.


"Harry Krause" wrote in message
. ..
Fred Dehl wrote:
Tamaroak wrote in news:576dnVxMv5qMfyTeRVn-
:

The poor in this country don't qualify for these deductions

It's hard to qualify for a deduction when YOU PAY NO INCOME TAXES IN
THE FIRST PLACE. The bottom FIFTY PERCENT of taxpayers pays ONLY FIVE
PERCENT of income taxes.


Your "facts" are wrong. But, of course, demonstrating that would be
making a political statement, and such thinking is verboten in this
mindless morass of born-again, part-time, goody two shoes. Just ask the
Rev. Jim or his facilitators.

On Wed, 04 Jan 2006 08:37:20 -0500, Harry Krause wrote:

JohnH wrote:
On Wed, 04 Jan 2006 08:00:04 -0500, Harry Krause wrote:

JohnH wrote:
On Tue, 03 Jan 2006 22:36:08 -0500, DSK wrote:

FWIW we have used the boat loan interest deduction for years. There are
several criteria, among them that the boat has to have a potty & a galley,
and you have to sleep on board for a certain number of nights per year.

NOYB wrote:
How many nights per year?

I don't know for sure. Ask an accountant. It's the same as
the number of nights you need to sleep in a 2nd home for it
to qualify for the same deduction.

DSK
No you don't, unless you are renting out the second home also.


You mean I have to deduct the rent I receive from the raccoons who are
wintering in my old barn?

No. You must *claim as income* the rent you receive from said raccoons. If you are
also paying interest on a loan securing the barn, then you could, meeting all other
requirements, claim the barn as rental property and deduct the mortgage interest
you're paying on the barn.

If the barn is 'rental property', then you can also claim a host of other 'expense'
deductions for the property, like depreciation.

Be careful. Once you spend too many nights in the barn, you must then treat it
differently! Memorize IRS Pub 527.



Ahh, thanks. I think my barn was fully depreciated about 50 years ago.
The only thing holding it together is the red paint. And raccoon poop.

There's a barn builder active locally, and he is putting together one
hell of a barn for a fellow down the road a couple miles. It's a work of
art. I've been wanting to stop and find out what it costs but I probably
should sell that Parker first.

Become very aware of the differences between 'capital improvement' and 'repair
expenses' before making decisions about getting work done on the barn while it is a
rental property.

--
John H.

"Divide each difficulty into as many parts as is feasible and necessary to resolve it."
Rene Descartes

"DSK" wrote in message
...

2- The richer a person is, the more benefits he gains from our
social/economic/legal network and thus is obligated to offer more to
support it.

You keep repeating this inaccuracy. As Fred pointed out, the poor receive
the lion's share of government entitlements.

How many millionaires receive medicaid, welfare, etc? How many utilize the
public transit system? How many bilk the hospitals out of their fees, and
let somebody else's insurance cover the shortage?

2- The richer a person is, the more benefits he gains from our
social/economic/legal network and thus is obligated to offer more to
support it.


NOYB wrote:
You keep repeating this inaccuracy.

It's not inaccurate at all.

Rich people live longer & better than poor people. They have
nicer houses, cars, vacations, etc etc etc.


.... As Fred pointed out, the poor receive
the lion's share of government entitlements.

Actually, that's wrong too. Of course, by naming specific
gov't programs and pretending that this is the only
'benefit' that the gov't offers, you can pretend it's true.



How many millionaires receive medicaid, welfare, etc?

So, by your own theory, getting medicaid & welfare is
"better" than the life of a millionaire?

DSK

Fred Dehl wrote:
The average family pays more in taxes than for food, clothing and shelter
COMBINED.

?????

Do you actually believe your own BS?

DSK

Fred Dehl wrote:
The average family pays more in taxes than for food, clothing and
shelter COMBINED.


And your source for this amazing claim is?

?????

Do you actually believe your own BS?


Fred Dehl wrote:
Is that all you can come up with? Baseless accusations with a flurry
of question marks? You're pathetic.


Yep, I guess anybody who *doesn't* resort to name-calling
and making ridiculous statements to support their illogical
& unsupportable politics would be, in your opinion, pathetic.

Fred, look at yourself. Are you so desperate for friends
that you'll play this sort of game just so you can join the
"rec.boats stupid angry white male fascist pinhead club"?
JohnH, NOBBY, Bert, you guys want him?

DSK

Of course, by naming specific
gov't programs and pretending that this is the only
'benefit' that the gov't offers, you can pretend it's true.


Fred Dehl wrote:
Fine. Name some entitlement programs that cut checks to the wealthy.


Is a gov't benefit *solely* a matter of handing out money?



How many millionaires receive medicaid, welfare, etc?

So, by your own theory, getting medicaid & welfare is
"better" than the life of a millionaire?


No. Why are you changing the subject?

I'm not changing the subject at all, which was benefits
versus pay-in.




.... You claimed that the poor are
"subsidizing" the rich.

If they are paying more in taxes than they are gaining in
benefit, then that is exactly what is happening.



.... The poor receive government checks
financed by the rich.

Of course, in reality, only a small percent do so; and (also
"of course") these checks are financed by *all* taxpayers
not just 'the rich.'

Meanwhile, the rich receive the lion's share of luxury
consumer goods, medical care, desirable real estate, etc etc
etc.

Reality isn't your strong point, is it Fred? Better call
some more names.

DSK

Fred,
I hope you can see that some people are playing you just to get an argument.
They are best ignored. They are trying to turn rec.boats in
rec.politics.name-calling.


"DSK" wrote in message
...
Fred Dehl wrote:
The average family pays more in taxes than for food, clothing and
shelter COMBINED.


And your source for this amazing claim is?

?????

Do you actually believe your own BS?


Fred Dehl wrote:
Is that all you can come up with? Baseless accusations with a flurry of
question marks? You're pathetic.


Yep, I guess anybody who *doesn't* resort to name-calling and making
ridiculous statements to support their illogical & unsupportable politics
would be, in your opinion, pathetic.

Fred, look at yourself. Are you so desperate for friends that you'll play
this sort of game just so you can join the "rec.boats stupid angry white
male fascist pinhead club"? JohnH, NOBBY, Bert, you guys want him?

DSK