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Old 02-04-2009, 11:35 PM
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Join Date: Nov 2001
Posts: 11

Deduct boat as a second home???

the name of your state (only U.S. law)? Texas

What are the requirments to deduct a boat as a second home? I have friends who do this but no two give me the same answer. What does the boat need to qualify as a second home?

Thanks in advance.
  #2  
Old 02-05-2009, 01:53 AM
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Join Date: Jan 2008
Posts: 122
A head and a galley.

Basically, think about two things you find in a home: a kitchen and a bathroom.
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Old 02-05-2009, 06:28 AM
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Join Date: Feb 2007
Posts: 9,497
Sleeping, cooking, and toilet facilities is how the IRS describes it. It can be a boat, camper, or RV. If you don't rent it out to anybody else, you don't even have to live in it at all to designated it as the second home.
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