"John Cairns" wrote in message
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"Capt. JG" wrote in message
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True enough, but that's not the end of the story of course. The IRS can
audit you nevertheless. You will need to show that you actually have been
using it as such. In addition, if it's very close to where you live, they
may disallow it. I believe it also has to have sleeping accomodations.
I'm not a CPA, so I suggest asking one before you attempt it. "Vacation"
homes are one of the many red flags that could (but don't always)
precipitate an audit.

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"j" ganz @@

www.sailnow.com

Actually, there are no such requirements, though I've been told that there
were in the past. This was from a professional tax preparer. All the boat
has to have are places to sleep, eat and go. While I had loans I wrote off
my first two boats in this fashion, as second mortgages.

John Cairns


I thought I said that... eat, sleep, head...

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"j" ganz @@
www.sailnow.com