[Rhodes22-list] Firm Price

[Stephen Staum]

I believe that is correct.  SS
----- Original Message -----
From: "Hank" <hnw555 at gmail.com>
To: "The Rhodes 22 mail list" <rhodes22-list at rhodes22.org>
Sent: Friday, December 03, 2004 8:54 AM
Subject: Re: [Rhodes22-list] Firm Price


> 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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