[Rhodes22-list] Firm Price

[Hank]

As far as I know, you do not have to spend a specified time in the
boat.  To qualify as a second home, the boat must have cooking
capability, sleeping capability and a head.

Hank


On Fri, 3 Dec 2004 08:51:37 -0800, pestyone57 <pestyone57 at comcast.net> wrote:
> Ed K or a tax expert,
> 
> I have heard if you can live aboard, you can deduct the interest, but do you
> have to spend a specific amount of time on the boat, as you would in a
> "vacation" home or RV and does the time have to be consecutive?
> 
> Philip
> 
> 
> 
> 
> ----- Original Message -----
> From: "ed kroposki" <ekroposki at charter.net>
> To: "'Hank'" <hnw555 at gmail.com>; "'The Rhodes 22 mail list'"
> <rhodes22-list at rhodes22.org>
> Sent: Friday, December 03, 2004 4:56 AM
> Subject: RE: [Rhodes22-list] Firm Price
> 
> Phillip:
> Keep in mind that if you do not already have a second house, under
> U.S. tax laws the interest may qualify as a deduction as on a second home.
> That is if you file an itemized return.
> 
> Ed K
> Greenville, SC, USA
> Addendum:
> Keep your object always in mind, while adapting your plan to circumstances.
> Realize that there are more ways than one of gaining an object.
> Hart, B.H. Liddell, Strategy, 2nd Revised Edition, Praeger Publishers, N. Y.
> 1975
> 
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