Deducting interest on a boat
I have a client who just bought a boat (this would be for 2008). They do have a bed on the boat as well as a separate kitchen area with cooking accomodations.I think because they have the bed as well as the separate kitchen and a toilet, that this qualifies as a second home and the interest is deductible. I did read something about a marine sanitation system, is that just a fancy term for toilet and the filtering of waste?Anyway, would the interest be deductible?Thanks in advance
