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Old 01-18-2007, 12:21 PM
  #11
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Default Re: tax write off

thanks all...no BUCK i didnt write off scarab...had no sink or fresh water so i knew i was SOL !! i have wrtten of sales taxes paid in the past but never anything to do with interest as a 2nd home
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Old 01-18-2007, 01:38 PM
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thanks all...no BUCK i didnt write off scarab...had no sink or fresh water so i knew i was SOL !! i have wrtten of sales taxes paid in the past but never anything to do with interest as a 2nd home
At the end of the year call up the bank and ask them to send you an intrest statement. It took me 5-10 minutes tops. You don't necessarily need the statement when filing though. You can call them and ask for the figures but, I liked having a statment in-hand that I gave to my CPA.

Frank
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Old 01-18-2007, 02:08 PM
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It concerns me that your CPA didn't seem to know what you were talking about. Maybe you should talk to someone else...like ThruHull. Who knows what else your CPA could be missing?

Good luck with it.
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Old 01-18-2007, 04:13 PM
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Default Re: tax write off

Remember, U can cook w/ a match!!!
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Old 01-18-2007, 04:19 PM
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Default Re: tax write off

I can't unde restand how you have any tax problems at all considering how little FRED pays you.
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Old 01-18-2007, 04:37 PM
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has to over 21 foot - sink and a toilet

cooking surface is not a requirement to be able to write of the interest as a 2nd home.

Atleast thats what my guy has told me.
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Old 01-18-2007, 05:06 PM
  #17
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Default Re: tax write off

See page two under "Qualified Home" http://www.irs.gov/pub/irs-pdf/p936.pdf

http://www.boatus.com/gov/f3.htm

http://www.discoverboating.com/buyin...taxdeduct.aspx

Last edited by Panther; 01-18-2007 at 05:14 PM.
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Old 01-18-2007, 05:52 PM
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Default Re: tax write off

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Don't hold me 2 this exactly but the boat is like a second mortgage if U have 1 other home. The interest should B able 2 be claimed since it is a boat w/ living stuff like fridge, head, sink, etc. good luck

Like he said! I write mine off every year........
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Old 01-18-2007, 07:00 PM
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Originally Posted by Tantrum View Post
Bernie can drink but he cant cook
look whos talkin.
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Old 01-18-2007, 07:04 PM
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I am sort of in the market for a 353 Fastech. You could donate it to me and I will give you a write off.
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