Charter captains will be getting crushed

[RIROCKHOUND]

One way to look at it Jim, is that if it costs you 6K to keep a boat for the year; and you don't fish a ton, 5 $700 full day charters is ~1/2 the price of your boat...

I like Ed's idea, give me a displacement hull, diesel engine, and 10kt cruise; great for inshore

downside... 10hrs to the edge!!! ouch! at least you can hi-speed troll the whole way...

[Mr. Sandman]

Anyway we can rig out a 60' catamaran with a fighting chair? ...seriously.

http://www.yachtworld.com/core/listi...d=732210&pic=2

[beamie]

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.