I'm having trouble with the depreciation for a sport boat that rents out. The questions guided me to 5 years. Schedule C check indicates its wrong. What is a proper life? I calculate that the resale value will go to nearly 0 in 10 years, but the Lifetime as a rental may only be 5 - 7 years. What will the IRS accept?
posted
last updated
June 07, 2019
4:11 PM