Discussion:Boat used for business travel
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Discussion Forum Index --> Advanced Tax Questions --> Boat used for business travel
Discussion Forum Index --> Tax Questions --> Boat used for business travel
| 28 March 2008 | |
| My first boat used for business travel: Client is a real estate agent and sells property on a lake. Uses his boat 75% for business showing property to buyers.
Am I correct boats are 10 year macrs? In Lacerte I input similar to a vehicle and reported on 4562-listed property section and I generated a vehicle expense statement similar to a vehicle. Lacerte is forcing me to input mileage to send the expenses to Schedule C from the depreciation input. I tried just putting 75% business use, no good. So I estimated the mileage. Make any sense? | |
Death&Taxes (talk|edits) said: | 28 March 2008 |
| Read my post earlier about trying to put taxi and public transportation costs on Sch C on the auto expense: rejected for efiling without the 4562 mileage filled in. So I put it in travel and it passed. | |
| 28 March 2008 | |
| I was concerned whether the depreciaton method is correct (I don't see that boats are included in luxury auto limits, etc) and the overall presentation is proper.
I'm not e-filing so that is not an issue. | |
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