Boat as use for vendors are anything tax deductible? Boat slip rent, cost of boat?

[Beelady]

I am looking at buying a boat people can sleep in for vendors from another state. They flood my area and this would be great for my business to have the boat to offer to them for their use. Is my dock rental or any cost of the boat deductible on schedule 1040?

[Bees]

That would be a rental property  reported on schedule E  Your  boat would be an asset that you depreciate over time. Expenses like the boat slip are prorated between personal and rental if they are used for both .

https://finance.zacks.com/type-property-irs-considers-residential-rental-property-9946.html

[Beelady]

What if you let vendors use it at no charge?

[Critter]

Then it is not a rental ... it is a personal use property that you lend out to friends/family/vendors at no charge so there is nothing you can deduct on a business return.

[Beelady]

Thank you