which depreciation method is the most appropriate for guide fishing boat?

Posted by : admin

I am a fly fishing guide, and need to know what method to use for my drift boat that I use for work? Choices are MACRS 200% Declining Balance, MACRS 150% Declining Balance, MACRS Straight Line, Alternate-MACRS Straight Line. THank you

You can get specific information at www.irs.gov by searching for "Fishing Tax Center."

A fishing boat is MACRS property to be depreciated over 7 years.

This entry was posted on Monday, June 28th, 2010 at 3:31 am and is filed under fishing guides. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “which depreciation method is the most appropriate for guide fishing boat?”

Sharon T Says:
June 28th, 2010 at 9:21 am
You can get specific information at http://www.irs.gov by searching for "Fishing Tax Center."

A fishing boat is MACRS property to be depreciated over 7 years.
References :

Fishing NJ Home Page