So there is a cartoon making the rounds poking fun at part time charter captains, I happen to be one of those guys, but I am doing it right. I have been working with a full time capt. who spends lots of money on advertising and has a full schedule. He gives me all the trips he can't do and I give him a piece of the action. Last season almost all of my trips were from him, 19 trips to be exact. Just clearing the air, I know this is an area of contention, I don't want anyone thinking I am some hack who is just trying to get a tax right off. According to my accountant the irs loves to pick on charter boat capts. because some will start a business just to protect what the irs calls a hobby loss. Thoughts?
http://www.youtube.com/watch?v=vjYPMJxCtIo


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