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EXPERIENCE THE TEAM SPIRIT ! CHARTERS, SERVICE AND SALES , AUSSIE LOGISTICS EXPERTS, WE BUY BOATS.

Boats for Sale

Let us work for you and find the correct vessel to fit your personal application.

PRE OWNED Cranchi, Sea Ray, Azimut, Sunseeker, Yacht Experts !

YOUR BOAT CHARTER CONNECTION IN CALIFORNIA AND FLORIDA

List With The Team ! We Move Boats !!!!! Just ask our clients

A Team Client Testimonials

Proud Member of the CYBA California Yacht Brokers Association

GOT FISH ? The A Team Specializes in Clean, Screened Pre Owned Trailerable Fishing Machines .

A Teams Worry Free Pro Tek Service and Monthly "Turn Key" Service for Euro and Domestic Vessels

A Team Customized Expeditions to the Bahamas Kayaking and Paddle Board Expeditions and Wreck Diving

THE TEAM INTRODUCES QUALITY AGM AND GEL CELL BATTERIES

THE MOLD TEAM !!! BLACK MOLD, MILDEW,ODOR REMOVAL WITH OZONE

ASK ABOUT OUR FRESH WATER BOATS.

Vessel Tax Write Off Information

A to Z repairs on all Vessels Domestic and International Build Vessels Welcome

WE BUY BOATS $$$$$$$$$$$$$$$$$$

Shipping Experts

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Vessel Tax Write Off Information

Here is some Basic tax information on Deducting the Interest on a Boat Loan. Keep in Mind that as this information was current when entered here however it can change at any time as the tax laws tend to do. Make sure that you consult with a professional tax accountant or Maritime Attorney for up to date information at the time of your purchase.


Internal Revenue Code (IRC) section 163 (h)(2) states that boat owners may deduct any qualified interest on a qualified residence. Qualified residences are defined as a principal residence (e.g., a primary home) and one other residence (including second homes) owned by the taxpayer for the purpose of detectability for the tax year. IRC section 163(h)(3) defines qualified residence interest as any interest paid or accrued during the tax year on acquisition or home equity indebtedness with respect to any qualified residence of the taxpayer.

According to IRC section 163(h)(4), a boat will be considered a qualified residence if it is One of the Two residences chosen by the taxpayer for purposes of detectability in the tax year. A qualified residence must have basic living accommodations including sleeping space (berth), a toilet (head), and cooking facilities (galley). If the boat is also chartered, the taxpayer will have to use the boat for personal purposes for either more than 14 days or 10% of the number of days during the year the boat was actually rented, to qualify for the interest deduction in accordance with IRC section 280A(d)(1).


A Team Yacht & Ship

Huntington Beach / Wilton Manors Fl, CA , United States

Toll-free 877-730-2628
Tel 714 470 3633
Email Us
www.ateamyachtandship.com

http://ateamyachtandship.com


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