Re: Port Angeles WA live aboard..
Originally Posted by exMaggieDrum
I have heard that some people who itemize and have a primary home with a mortgage have claimed a deduction on a second home mortgage (as a vacation
home I think). Don't know if that is legal
or how it works. I have avoided getting loans on my boats to avoid the restrictions they put on you.
I did that for many, many years. It IS perfectly legal. Eventually refinanced the house, rolled in the boat then sold the house.
Catalina 34 #224 (1986) C34IA Secretary
Cowichan Bay, BC, (Maple Bay Marina) SR/FK, M25, Rocna 10 (22#) (NZ model)