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Old 07-01-2009
winddancer88 winddancer88 is offline
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Quote:
Originally Posted by thesnort View Post
Does the homebuyers' tax credit (U.S.), due to expire soon, apply to a boat one buys to live aboard?
Google hasn't convinced me yet. Does anyone know?
This is the closest I've come to a definitive answer. The IRS instructions for Form 5405 read as follows:

"Your main home is the one you live in most
of the time. It can be a house, houseboat, housetrailer,
cooperative apartment, condominium, or other type of
residence."

I think a liveaboard can be construed as a "houseboat".
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