For federal tax purposes, a boat or a recreational vehicle can be either your main or secondary residence, entitling you to take advantage of the same tax deductions as a homeowner of a typical house.
The Internal Revenue Service (IRS) defines a home broadly, allowing the term to encompass:
- Houses
- Condominiums
- Cooperatives
- Mobile Homes
- RVs
- House Trailers
- Boats
The test the IRS applies is simply that the property must have all three:
- sleeping
- cooking and
- toilet facilities
If so, it can be treated as a primary or secondary residence for tax purposes.
