IRS Publication 526
Expenses of Whaling CaptainsBeginning 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:
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Acquiring and maintaining whaling boats, weapons, and gear used in sanctioned whaling activities,
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Supplying food for the crew and other provisions for carrying out these activities, and
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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.
3 comments:
that's just about as random as having to read about "soranos, the greatest of the ancient gynecologists." thanks, con law.
Another cuBLAWger recently emailed me about some difficulties in interpreting that particular deduction. He Who Shall Not be Named wondered if it applies to those of you known to date ladies of a certain size.
And no, I'm not trying to deflect from myself for the sake of a joke. This hadn't even occurred to me, but it's still damned funny.
...and with that, the identity of anonymous buffalo is revealed, at least to me.
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