that depreciation is most suitable for boat fishing guide?
I am a fly fishing guide, and the need to know what method to use for my drift boat I use for work? The remaining options are MACRS 200% declining balance MACRS 150% declining MACRS straight line, alternative accelerated in a straight line. Thank you
You can get specific information at www.irs.gov to find "Tax Center Fishing. "A fishing boat MACRS property is depreciated over 7 years.
Hayward Fly Fishing Co. – muskies, fly rods, and drift boats
