Ed,

You can always ask the IRS if they would disallow your intended deduction.

I'm thinking their position would be that you received the value as deferred
maintanence, and as such no loss exists.

I'm fishing for deductions too, but only bullet-proof ones.

Best of luck.

Bob
"Oysters8" wrote in message
ews.com...
I'm fishing for tax deductions. Can the loss from the sale of a boat used
as a second home legally be deducted on federal income taxes? Just
wondering?

Ed