Join Date: Jul 2001
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Until the experts chime in, I''ll state that everything I have read about this indicates that only the interest on the loan you might have would be deductible on your federal taxes (assuming your boat has sleeping accomodations, a toilet, and cooking facilities).
I don''t believe (but am not entirely sure) that you can write off any other costs, unless the boat is used as a business, which is not part of your original question.