Can I put the finance charges I paid on my boat on my taxes I lived in MD?
- Wayne ZLv 71 decade agoFavorite Answer
What kind of boat?
If the boat has dining, sleeping and bathroom facilities, it can be treated as a second home making the interest deductible as mortgage.
If it doesn't have ALL of the above facilities, it is non-deductible personal interest.
- annazzz1966Lv 61 decade ago
No, because a boat is a vessel and not real property like a house.