Yacht in a legitimate charter business — deduct depreciation + expenses.
A yacht placed in a legitimate charter operation (marketed, insured commercially, third-party bookings) can qualify as a §162 business asset — enabling bonus depreciation and operating expense deductions. IRS scrutinizes hobby-loss (§183) aggressively; must show profit motive, business plan, and material bookings. Not for casual owners.
Click Generate advisory deep dive for mechanics, IRC citations, a step-by-step execution plan, a worked numeric example on your profile, costs, risks, and this-week actions.
Multiply the $10M §1202 exclusion across multiple trusts.
4% corporate tax + 0% capital gains for bona fide residents.
Stack the $500K primary-home exclusion on top of a 1031 deferral.
Convert Traditional to Roth during sabbaticals or business-loss years.
Capitalize property taxes and interest on undeveloped land.
Deduct now, control forever, employ heirs.
Ordinary loss (not capital loss) on failed small biz — up to $100K.
Buy leveraged real estate inside your IRA — tax-deferred or tax-free.