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| subject: | Limits. |
Hello Maurice, nice talking to you !
MK> Really? Do you mean if I were to contribute financially to Linux
MK> based software that I claim as a part of a commercial enterprise then I
MK> could write off those contributions 100%? I find that hard to believe.
Hard as it is, in this case it would be a no. It has to be an
expense to benefit your operation. In your exemple, you would
benefit Linux. Now if you bought Linux, you could defray its cost
against your operating income. This sloop that I had on charter
was a "business" venture and I could defray the cost of insurance,
mooring, new sail and winter storage from its incoming revenues.
Whatever was left, was added to my own revenue and taxed.
Again in TI! 27D 44.475'N 082D 45.356' W
Have a great day !
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