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"Lost" Boat

 

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Subject Author Date
"Lost" Boat DORFMONT@aol.com (Linda Dorfmo 02-06-2007
|--> Re: "Lost" Boat DORFMONT@aol.co...02-14-2007
| `--> Re: "Lost" Boat Harlan Lunsford02-17-2007
|--> Re: "Lost" Boat DORFMONT@aol.co...02-18-2007
Posted by bc on February 17, 2007, 4:58 am
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> Can they deduct the loss of the boat due to some kind of
> calamity? It was not eminent domained. It was not actually
> stolen but they were forcibly deprived of its use. I'm
> trying to get her to get an appraisal of the boat. I'm also
> wondering what the harbormaster is going to do with it.

I think you just have a personal abandonment. Nothing
deductible. :(

--
Bruce Davidson Cantor, CPA, JD
Admitted in Colorado

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Posted by DORFMONT@aol.com (Linda Dorfmo on February 18, 2007, 3:11 am
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> Bill Brown wrote:

>>> My client, who has been living on a boat, called for her
>>> appointment this year. It seems she and her husband have
>>> been evicted from their slip at the marina because the
>>> harbormaster doesn't want a wooden hulled boat messing up
>>> his domain. He also doesn't take kindly to the husband who
>>> vaguely resembles Jeremiah Johnson in appearance and is a
>>> highly paid aerospace technician. After searching around the
>>> local area (Huntington Beach, Newport Beach, Long Beach, San
>>> Pedro - lots of beaches here) they could find no marina that
>>> would take the wooden boat. They were forced to buy a
>>> motorhome to live in since they were evicted from the
>>> marina. The harbormaster has told them that they have to
>>> move the boat somewhere or he will have it removed. They
>>> just gave up and left it in the slip.
>>>
>>> Can they deduct the loss of the boat due to some kind of
>>> calamity? It was not eminent domained. It was not actually
>>> stolen but they were forcibly deprived of its use. I'm
>>> trying to get her to get an appraisal of the boat. I'm also
>>> wondering what the harbormaster is going to do with it.

>> I don't see any standing for a deductible loss of any sort.
>> Apprently no one else does either or they would have jumped
>> in with a response.

> Plus of course being busy this time of year. But really,
> here is a personal loss entirely.

Thanks, everyone. They did donate their other boat, also at
the same marina, a few years ago. I'll call her this morning
and tell her to contact that charity. Apparently they will
take boats.

Linda

<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>

Posted by Herb Smith on February 18, 2007, 7:15 am
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> My client, who has been living on a boat, called for her
> appointment this year. It seems she and her husband have
> been evicted from their slip at the marina because the
> harbormaster doesn't want a wooden hulled boat messing up
> his domain. He also doesn't take kindly to the husband who
> vaguely resembles Jeremiah Johnson in appearance and is a
> highly paid aerospace technician. After searching around the
> local area (Huntington Beach, Newport Beach, Long Beach, San
> Pedro - lots of beaches here) they could find no marina that
> would take the wooden boat. They were forced to buy a
> motorhome to live in since they were evicted from the
> marina. The harbormaster has told them that they have to
> move the boat somewhere or he will have it removed. They
> just gave up and left it in the slip.
>
> Can they deduct the loss of the boat due to some kind of
> calamity? It was not eminent domained. It was not actually
> stolen but they were forcibly deprived of its use. I'm
> trying to get her to get an appraisal of the boat. I'm also
> wondering what the harbormaster is going to do with it.

How is this any different than being evicted from a mobile
home park, because your house is too old or the park is
closing? I've been involved in that situation with a friend
and although it cost over $12,000 to relocate, the MHP owner
offered nothing in compensation. Life is not always fair,
especially if you are elderly and live in non- standard
housing.

<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>

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