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Sandman,
There is no more chartering legally while comm bassing. I am sure it is still going on but now against the rules.
I don't do any of these deductions myself. I work for other charter guys occassionally, not for myself yet. When I asked my tax gal in the past about it she mentioned showing a profit some years and losses. It is another schedule on your tax. "F maybe?" So the loss can come off other earned income.
Those Catamarans will probably start becoming allot more popular.
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