View Single Post
  #2   Report Post  
posted to rec.boats.cruising
Dene
 
Posts: n/a
Default Interest tax deductible on boat loans


"Denis Marier" wrote in message
...
I have hear that (In the US) when you buy a sailboat suitable to live

aboard
the interest paid on the loan are tax deductible.
I would appreciate if someone can enlightens me on this subject.

TIA


If it has a head and galley, then you can deduct it as a 2nd home. That
feature was a real selling point with my wife.

-Greg