Whaling

by havoc

From publication
526
:

Expenses of Whaling Captains
Beginning in 2005, you may be able to deduct as a charitable
contribution the reasonable and necessary whaling expenses paid during
the year in carrying out sanctioned whaling activities. The deduction
is limited to $10,000 a year. To claim the deduction, you must be
recognized by the Alaska Eskimo Whaling Commission as a whaling
captain charged with the responsibility of maintaining and carrying
out sanctioned whaling activities.
Sanctioned whaling activities are subsistence bowhead whale hunting
activities conducted under the management plan of the Alaska Eskimo
Whaling Commission.
Whaling expenses include expenses for:

  • Acquiring and maintaining whaling boats, weapons, and gear used
    in sanctioned whaling activities,
  • Supplying food for the crew and other provisions for carrying out
    these activities, and
  • Storing and distributing the catch from these activities.

To deduct these expenses, you will be required to keep records showing the time, place, date, amount, and nature of the expenses.

It would be awesome to have “whaling weapons” as an itemized deduction.

(This post was originally found at http://log.ometer.com/2007-03.html#9.2)

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