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post #6 of Old 07-30-2006
eryka
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if the smaller boat comes with a slip, then you've addressed the most consistent piece of advice you gotten about having less to do to go sailing (i agree). in order to deduct the insurance on the boat payments from your taxes, the boat needs to have a galley and an enclosed head - portapottie under the v-berth doesn't count. but a boat small enough, affordable enough that you can pay cash and not deal with monthly payments or interest at all, will save you much more than the 'tax break' ! <*grin*>
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