In article ,
Dave wrote:

On Tue, 30 Jan 2007 01:57:40 GMT, "NE Sailboat" said:

Prior to the mid 1980's ,, one could decuct the interest on a yacht loan.
But,, that ended. And, of course; right after that the sailboat business
went down the drain.

Sorry, but that's simply wrong as the question was posed. If the boat
qualifies as a second or vacation home the interest may still be deductible.
See IRS Publication 527.

Qualifies even more if it's their primary residence ;-)

--
Jere Lull
Xan-a-Deux ('73 Tanzer 28 #4 out of Tolchester, MD)
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