[Rhodes22-list] R22 as a second Home?

[Dennis McNeely]

Something else to think about. We're putting large solar panels on the boat as a kind of rigid bimini, and intend to back feed the house electrical system when the boat is being stored. The power company is onboard with the idea, and the building department is good with it. We checked with a tax preparer, and they think the idea has legs as well. Now the final hurdle... what will the IRS have to say about the tax credit for the system? Stay tuned.

Another Dennis
Magic Moments


-----Original Message-----
From: rhodes22-list-bounces at rhodes22.org [mailto:rhodes22-list-bounces at rhodes22.org] On Behalf Of daysails at aol.com
Sent: Saturday, March 03, 2012 10:14 AM
To: rhodes22-list at rhodes22.org
Subject: Re: [Rhodes22-list] R22 as a second Home?

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
 
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