boat mortgage deduction

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moctrams
Posts: 583
Joined: Jul 21st, '06, 15:13
Location: 1982 Cape Dory 30C,Gabbiano,Hull # 265,Flag Harbor,Long Beach, Md.

boat mortgage deduction

Post by moctrams »

I have heard the interest deductions for someone taking a loan to buy a boat, which was considered a second home, will be eliminated. Any word?
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Dmitche4
Posts: 30
Joined: Jan 14th, '15, 14:27

Re: boat mortgage deduction

Post by Dmitche4 »

As far as I know not for 2017.

David
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s2sailorlis
Posts: 387
Joined: Apr 9th, '14, 18:39
Location: 1984 Cape Dory 22

Re: boat mortgage deduction

Post by s2sailorlis »

A 10 second search on Google.....

https://www.cnbc.com/2017/12/20/here-ar ... alize.html
______________
Rick
1984 CD22

Excuse auto-correct typos courtesy of iOS...or simply lazy typing
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Jim Walsh
Posts: 3364
Joined: Dec 18th, '07, 13:04
Location: CD31 "ORION" Hull #27 Noank, Ct.

Re: boat mortgage deduction

Post by Jim Walsh »

http://boatingindustry.com/news/2017/12 ... ax-reform/
http://www.sail-world.com/news/200624/H ... oat-owners

This is nothing more than interesting reading. If you want a definitive answer for your individual case please consult your accountant.
Jim Walsh

Ex Vice Commodore
Ex Captain-Northeast Fleet

CD31 ORION

The currency of life is not money, it's time
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