From: Richard Joslin
To: jeffrey E. <jeevacation@gmail.corn>
Subject: RE:
Date: Fri, 05 Jun 2015 13:04:44 +0000
The depreciation may be allowable if not a hobby loss limitation but the vacation home rules (Sec 280A) may limit
deduction to rental income for residences. A boat is considered a dwelling unit/ residence and 280A comes into play if
the owner has personal use of greater than 14 days or 10% of period rented. I had discussed this With Alan Dluglash and
he had concurred
From: jeffrey E. [mailtoleevacation@gmail.com]
Sent: Thursday, June 04, 2015 10:51PM
To: Richard Joslin
Subject:
http://www.cruisingyachts.net/yachts/yachts-tax-deduction/ why are we not depreiationt the yacht
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