Tax implications of home equity loan for motorboat purchase

Tax implications of home equity loan for motorboat purchase The 2017 tax that is federal didn’t do numerous favors for motorboat owners. True, it is possible to nevertheless deduct state sales fees, you must elect to achieve this on either your state or installment loans lenders only federal returns — not both. Plus the interest on some loans may nevertheless be deductible on those ships that qualify as a home that is second which means that they have to have a: Resting berth Galley Properly installed head (lavatory) Nevertheless, that 2017 tax cut means you can’t deduct on any home that is second including a …

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