What is it? Boat has to have a fridge and stove? Write off the interest, only? My accountant doesn’t start work for a bit, thought someone might know.
got my answer, nevermind.
want to share your answer…
2008 Sea Fox 197 CC
2008 Suzuki 140
quote:
Originally posted by duckduckdogwant to share your answer…
2008 Sea Fox 197 CC
2008 Suzuki 140
Sure. Boats w/ a galley and berth can be classified as a second home and the interest on any note can be written off/tax deductible. If the boat is for charter, the owner must spend atleast 10% of the trip time for the boat, on the boat.
Does a coleman stove and sleeping bag count? LOL
quote:
Originally posted by Courtlandquote:
Originally posted by duckduckdogwant to share your answer…
2008 Sea Fox 197 CC
2008 Suzuki 140
Sure. Boats w/ a galley and berth can be classified as a second home and the interest on any note can be written off/tax deductible. If the boat is for charter, the owner must spend atleast 10% of the trip time for the boat, on the boat.
Make it a business as well for a writeoff.
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