Can you write off your boatat the end of the year?

1 answer

Answer

1017918

2026-02-17 09:15

+ Follow

You may be able to write off your boat as a business expense if it is used primarily for business purposes, such as for fishing charters or as a rental property. However, if the boat is used for personal recreation, it generally cannot be deducted on your taxes. It's important to keep detailed records of usage and consult with a tax professional to ensure compliance with IRS regulations.

ReportLike(0ShareFavorite

Copyright © 2026 eLLeNow.com All Rights Reserved.