[Rhodes22-list] R22 as a second Home?

[Harbrlife]

Thank you all for your responses. This is really pleasant news.
Bob


Leland wrote:
> 
> Bob,
> 
> Looks like you've received some good tax advice:
> 
>  http://www.boatus.com/pressroom/release.asp?id=631
> http://www.boatus.com/pressroom/release.asp?id=631 
> 
> "The Boat Loan Deduction
> For those owners with a secured boat loan, mortgage interest paid on the
> loan may be deducted from your federal income taxes. Taxpayers may use the
> home mortgage interest deduction for one second home in addition to their
> primary home, and must itemize deductions on their returns. A boat is
> considered a second home for federal tax purposes if it has a galley, an
> installed head and sleeping berth."
> 
> Sounds like a portapottie may not qualify as an installed head.
> 
> Go for a new Rhodes with Stan's swell head!
> 
> Lee
> 1986 Rhodes22  AT EASE
> Kent Island, MD
> 
> 
> Harbrlife wrote:
>> 
>> 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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