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Level 2
Oct 4, 2021 9:10 AM UTC
Question

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

 

    9 replies

    Level 15
    Oct 4, 2021 3:13 PM UTC

    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.**
    Level 2
    Oct 4, 2021 4:38 PM UTC

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

    Level 15
    Oct 4, 2021 11:30 PM UTC

    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.**