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post #9 of Old 11-20-2006
sailingdog
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Actually, I don't believe that having toilet facilities is enough...they have to have a permanent marine head, as opposed to a portapotti. IIRC the boats with portapotties don't qualify as a second residence. Loan payments, marina fees, maintenace are part of the cost of ownership and as such are not generally deductible. Marina fees and maintenance are deductible if the boat is used as a rental property...but you'd probably lose the secondary residence tax deduction.

Sailingdog

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Telstar 28
New England

You know what the first rule of sailing is? ...Love. You can learn all the math in the 'verse, but you take
a boat to the sea you don't love, she'll shake you off just as sure as the turning of the worlds. Love keeps
her going when she oughta fall down, tells you she's hurting 'fore she keens. Makes her a home.

—Cpt. Mal Reynolds, Serenity (edited)

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