Nope. I don't think I am using a too fine of a comb in filling in the expenses.
This is from the Instructions to Schedule C, Line 20:
"Enter on line 20b amounts paid to
rent or lease other property, such as office space in a building"
Also, reading Line 20b on the very Schedule C itself:
"20 Rent or lease (see instructions):
a Vehicles, machinery, and equipment 20a
b Other business property "
The Schedule C itself, clearly says:
BUSINESS property.
Surely the word BUSINESS is in there for a reason!
1000s working at the IRS and many smart heads busying themselves with the design of the Schedule C too ...
Therefore, putting faith in all those government workers 😉 ....
I am counting on them knowing what they're doing, and there being a purpose behind the word BUSINESS.
The word BUSINESS specifically excludes a situation
where a boat is put to the side of someone's home (a person - not a business) 1 mile from the marina.
Therefor I don't think it goes there.
And I don't want to implicate regular, ordinary, helpful citizens as though they're running a storage business or something, when they're just people looking for a little bit of extra money to help pay the bill,
while this want has been a huge, crucial help for my son to run his charter business and stay in business.
He is young, just starting out his business.
No way he could afford a slip at a marine like a wealthy yacht owner who doesn't blink at paying 6k or way more for his yacht slip.
My son doesn't make that much. No that yacht slip if the yacht were rented out:
That would go on 20b.
Because the marina's and docking places at and near the marina: they ARE businesses.
That would be comparable with renting office space as in the IRS example in the instructions.
