So, you want to write off your sailboat or motor yacht? Maybe you went to a boat show and a yacht broker told you it was possible, but you went home to your CPA, and they said, “It’s not possible” or “You can’t do that”.
Well, we have good news! If you own a boat, there are several possibilities for taking tax deductions for certain expenses related to its use. However, there are a number of factors to consider before claiming any tax deductions related to your boat, and you must understand the restrictions and requirements of current tax laws for boat tax deductions.
Luckily, you can read our FREE e-book to learn about the exact steps you should take to write off your boat!
All tax advisory provided by Elevated CPA, LLC
Member FINRA, SIPC, NFA Securities offered through Arete Wealth Management, LLC, members FINRA, SIPC and NFA. Investment advisory services offered through Arete Wealth Advisors, an SEC registered advisory firm.
©2021 McKinley Wealth Management
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Member FINRA, SIPC, NFA Securities offered through Arete Wealth Management, LLC, members FINRA, SIPC and NFA. Investment advisory services offered through Arete Wealth Advisors, an SEC registered advisory firm.
©2020 McKinley Wealth Management
site by Redd Giant