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Thinking about using a yacht for your business and want to know about tax breaks? Section 179 lets you deduct part of the cost upfront, but only if the yacht is truly for business (To qualify you must prove Active Participation and Ability & Intent to make a profit) and there are spending limits. Bonus depreciation offers even bigger deductions. Remember, the IRS is strict, so consult a tax pro specializing in yacht businesses.
Highlights of Boris crossing the finish line of the 40th Route du Rhum 2018 - drone footage. Cut: Philipp Mann Filmed: Route du Rhum Press See more of Boris and his adventures check out the website at: www.borisherrmannracing.com or follow us on instagram or facebook at borisherrmannracing. We are still looking for more sponsors so if you are interested you can get in touch with us via the website.