Backed my boat down the driveway this afternoon
- Chip Hindes
- Admiral
- Posts: 2166
- Joined: Mon Jan 05, 2004 6:13 am
- Location: West Sand Lake, NY '01X, "Nextboat" 50HP Tohatsu
We've been treating our boat as a second home for tax purposes since the year we sold our actual second home; 4+ years, and not audited yet. It's perfectly legal and common practice for any cruising boat. The deduction is pretty much limited to interest paid and taxes, so it's fairly modest compared to an actual second home.
Not sure about deducting a portion of the boat used for business purposes. I'm sure it can be done but I can imagine how it would be an audit trigger.
Not sure about deducting a portion of the boat used for business purposes. I'm sure it can be done but I can imagine how it would be an audit trigger.
We backed it down the driveway....drove to the marina.... and backed it down the ramp.
It's floating like a cork. We took her our for a quick spin to get the cobwebs out of the cylinders and she purring like a kitten.
If the weathers on our side this weekend...the sails will be filled with air.
Spring is here. Yeeee Haaaaaw
It's floating like a cork. We took her our for a quick spin to get the cobwebs out of the cylinders and she purring like a kitten.
If the weathers on our side this weekend...the sails will be filled with air.
Spring is here. Yeeee Haaaaaw
-
Bill at BOATS 4 SAIL
- Admiral
- Posts: 1006
- Joined: Sat Jan 10, 2004 7:28 pm
- Sailboat: MacGregor 26D
- Location: Oconomowoc, WI

