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West Wight Potter Mailing List maintainer
dfarrell@ridgecrest.ca.us
List hosted by www.tscnet.com
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While reading the March 2000 Boat/US in the 'alternate home library', I
found under 'Reports' (page 6) that boats can still be used as "second
homes" and you can deduct interest paid on a secured boat loan.
"To be a qualified residence, the IRS stipulates that the boat have
sleeping, cooking, and toilet facilities."
I think Poops might qualify. Maybe IM could set up a special mortgage
division for new owners. Or maybe some Poops might set up their own
mortgage company. Geoff, where are you?
Wait, think big. Poops form a corporation for making mortgage loans and
then go public with an IPO, and then...
(Yes, it is cloudy and raining in souther CA again this morning...
Bill Payne
poop 15,#1075
Pilgrim
This archive was generated by hypermail 2b29 : Fri Mar 31 2000 - 03:27:08 PST