Now ... that yacht slip - if the yacht were rented out:
That would go on 20b.
Meaning, if the yacht was part of /an asset of a charter business that files a Schedule C,
AND the yacht slip was located on a property at a marine ALSO owned by (another) business,
THEN, that slip expense would go on 20b.
That would be rented BUSINESS property.
I find that the wording of Line 20b clearly indicates that,
but excludes, slip fees at NON BUSINESS places from Line 20b on Schedule C.
Now if I am wrong, please let me know.
It would be very nice to shorten the long list I already have for Line 27 Other Expenses (Line 48)
