On Tue, 3 Jan 2006 22:36:37 -0700, "RG" wrote:


"DSK" wrote in message
. ..
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.


There are no occupancy requirements whatsoever to qualify for the interest
deduction on a second home (boat) if the home or boat is used purely for
personal use. The only time an occupancy requirement plays into the mix is
if the second home is rented for part of the year or the boat is chartered
out for part of the year.


Ah, someone has read the rules!

--
John H.

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