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By placing a yacht into an LLC and operating it actively for profit, the owner is able to generate substantial tax advantages that further offset the cost of ownership. There are very specific rules and requirements that need to be complied with in order to meet the standard of actively operating a business for profit and taking tax advantages.
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FIVEADRIFT is a very special T29 Runabout. She has many custom features including built in boarding steps, extended swim platform, ski tow pole, beautiful teak decks, and custom hull/ cockpit colors, etc. She is maintained by Hinckley in our YachtCare program and has a stellar service history of maintenance and upgrades including recent hull paint, electronics, cushions, and 1,000 hr engine service. Further, she is backed by Hinckley’s exclusive Certified Pre-Owned (CPO) Warranty, for added peace of mind. Link: https://hinckleybrokerage.com/yachts-for-sale/hinckley-talaria-29r-2003-4383034/
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