Looks like a bomb went off in my boat! :-)
 

Wayne.B wrote:
On Sun, 26 Mar 2006 18:08:52 GMT, Shortwave Sportfishing
wrote:

Your article about the project in Nor'westing was a pleasure to read Chuck.

I'll second that - I'm just getting caught up on my reading.

Hmmmm. Publish an article on a redo of your boat?

Sounds like a job related eggspence to me...

A portion of my boating expenses are technically tax deductible. If I
take the boat somewhere to write a destinatin article, for instance, I
can deduct my expenses up to the amount that I earn writing that
article. However, my nemesis the AMT comes around and wipes out most of
my legitimate deductions, so the actual cash benefit to me is either
zero or very negligible. The original editor for the publication had a
contract that required him, as a condition of employment, to own and
maintain a powerboat at least 35-feet in length. Joila, instant
business expense- but I think you'd need a pair the size of grapefruit
to try that same tax stunt in this day and age. :-)