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Schedule C, Writing a depreciation asset for a boating fishing business. Is writing off the boat consider apart of the economic stimulus qualified property?

sheppardstax
Level 1
 
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3 Comments 3
Terry53029
Level 14
Level 14

yes, class life 7 years

sheppardstax
Level 1

Can you write off the full amount of the boat in one year under the economic stimulus qualified property.

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sjrcpa
Level 15

Consider business use percent and listed property rules.

The more I know, the more I don't know.