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houseboat deductions

can a fireman paramedic deduct anything from purchasing a 25k houseboat to stay in stead of hotel rooms for work, he paid 25k cash and pays 1800 a month in docking fees, and he does own a home.

The houseboat has a bed and a bathroom

 

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9 Replies

houseboat deductions

When you have a boat as a second home you can deduct mortgage interest if the boat has cooking, sleeping and bathroom facilities.  But you say you paid cash--so there is no interest to deduct, nor is there any property tax to enter.  Sorry---it does not seem that you have anything about your houseboat to enter on a tax return.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

houseboat deductions

So they also cannot claim anything on the docking fees every month, this paid in stead of hotel costs?

houseboat deductions

Sorry, no.   And hotel costs would not have been deductible---so not sure why you mention that.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

houseboat deductions

He travels for his work and can write off  lodging expenses

houseboat deductions

Is he a W2 employee or a 1099NEC self employed independent contractor?

houseboat deductions

W2, he has 3 different departments he works for and receives 3 different W2's, and always claims Fire Fighters/EMT job necessary expenses. Like Equipment and Supplies, Uniforms and Cleaning, Professional Fees and Dues, Continuing Education, Travel - Out of Town airfare, car rental, lodging, meals, laundry ,parking fees, and business use of vehicle.

 

houseboat deductions

The tax laws that changed for 2018 and beyond eliminated job-related expenses as a deduction on federal tax returns for W-2 employees.   Some state tax laws are different.

 

https://ttlc.intuit.com/questions/4482873-which-federal-tax-deductions-have-been-suspended-by-tax-re...

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

houseboat deductions

I read in the article you referred me to :

 

"When you go through your state return, we'll make sure to include any tax deductions that are still valid in your state.

Employee expenses and other miscellaneous deductions subject to the 2% limit"

 

Does this mean, when I did input the tax deductions into Turbo Tax they only accepted what was aloud? I always choose the "walk me through everything" selection while inputting the information.

I know that I did input these deductions for the last few years?

 

houseboat deductions

When you use TurboTax software the information flows from the federal return to the state return.   So even though the job-related expenses you entered are not deductible on the federal return, you can still enter them in the federal return software.   The information just flows over to your state return, and if your state allows any of those expenses as deductions, the software will follow your state's laws.   

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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