I live on a yacht and it is my primary residence, what can I deduct?

[DianeW]

You can deduct mortgage/loan interest secured by the yacht and, if applicable, property tax and/or personal property tax paid on your yacht.

If you have these expenses you can use them with other itemized deductions.  There is a checklist attached for your review so that no deduction is overlooked.

TurboTax will optimize your return so that the lowest tax is paid using either your standard deduction or itemized deductions.

You can go directly to the are to enter your deduction using the steps here.

While you are signed into your TurboTax account (desktop or online)

1. In the search box, upper right
2. Search for itemized deductions
3. Jump to itemized deductions
4. Follow the screens to enter your deductions (see images attached)