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jsmall
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Can I deduct interest from a boat loan? I received a 1098 from my bank on this

 
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Can I deduct interest from a boat loan? I received a 1098 from my bank on this

It could possibly qualify for the residence interest deduction (an Itemized Deduction on a Schedule A). In order to qualify it has to have sleeping, cooking and toilet facilities. Your local law must allow for such use.

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