Boat for house swap/sale.
I''m not a CPA (and I don''t play one on TV, either), but we just did a like-kind exchange from one rental property into another to defer the capital gains tax. The IRS rules say that the properties must be "like-kind." I don''t believe you can just buy a boat and make it work, unless the boat can be shown to be an investment property similar in intent to what you are selling. You are smart to check it out thoroughly so you don''t get hammered.
Two more things: 1) by all means don''t act just on my advice alone. 2) realize that any sales proceeds can never come to you; you must hire a qualified intermediary to act as an agent for the sale and purchase transactions.
Hope this helps a little.