And yes, the rental fee is an ordinary and necessary expense for a charter boat business.
If you own a boat for the charter business, the boat has to be somewhere...
I'd say, when it is a wet slip, you'd more call it a rental fee.
If it's a spot, on dry land next to someone house in the yard, in a neighborhood that allows boats in the yards,
it's more like a storage fee.
I think, though theoretically and technically, reading whatever was issued by the IRS, the Line itself, to begin with, I do not agree with you, I am still going to put the storage & rental fees on Line 20b.
Just because I already have so much on Line 27. And because apparently it is not undisputed, what goes on there and so that will be my cover for still putting it on there, though I don't agree with myself.
I read somewhere that a lot of items on Line 27 might be a red flag / audit trigger.
Though I am quite certain I would come through one, it's a big headache and a ton of work while I'm already pressed for time.
So I am letting that goal (avoid audit) trump over being technically correct.
