From U.S. Harbors 12/13/18
New tax laws that went into effect at the beginning of 2018 now allow any entity (meaning a corporation or LLC) purchasing a new or used boat to deduct 100% of the amount of the purchase price, as long as it is used for business purposes. (See Section 179) New electronics, engine upgrades, adding a Seakeeper gyro, and any other enhancements to the “equipment” can also be written off.
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