[Rhodes22-list] R22 as a second Home?

[daysails at aol.com]

What is the nature of the deduction?  Is it limited to interest on a 
loan to buy the boat or are there additional deductions?  Hmm, What if 
I rent it out will I be able to deduct some expenses as a business like 
renting a second home?  Just thinkng...  Joe Riley


-----Original Message-----
From: elle <watermusic38 at yahoo.com>
To: The Rhodes 22 Email List <rhodes22-list at rhodes22.org>
Sent: Fri, Mar 2, 2012 4:13 pm
Subject: Re: [Rhodes22-list] R22 as a second Home?


My understanding is that if the boat has sleeping, eating and toilet 
facilities,
it qualifies as a second home.

We always deducted our 34' Hunter...and I believe my accountant deducts 
mine.

elle
 
Beer is good....people are crazy


1992 Rhodes 22    Recycled '06
"Watermusic"  {Lady in Red}


________________________________
 From: Harbrlife <c.robert.lester at dartmouth.edu>
To: rhodes22-list at rhodes22.org
Sent: Friday, March 2, 2012 2:31 PM
Subject: [Rhodes22-list]  R22 as a second Home?


Greetings from snowy NH. Well as I sit inside doing my taxes this year 
I've
read for the first time "deductions for second homes". So I have to ask,
anyones R22 deducted off taxes as a second home?
This might actually mean I buy a "New" over "recycled" boat!
Thanks in advance,
Bob
Sunapee, NH
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