Thread: Boat deductions
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posted to rec.boats
JohnH
 
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Default Boat deductions

On Tue, 03 Jan 2006 22:36:08 -0500, DSK wrote:

FWIW we have used the boat loan interest deduction for years. There are
several criteria, among them that the boat has to have a potty & a galley,
and you have to sleep on board for a certain number of nights per year.



NOYB wrote:
How many nights per year?


I don't know for sure. Ask an accountant. It's the same as
the number of nights you need to sleep in a 2nd home for it
to qualify for the same deduction.

DSK


No you don't, unless you are renting out the second home also.

--
John H.

"Divide each difficulty into as many parts as is feasible and necessary to resolve it."
Rene Descartes