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Forum: Rules of the Road, Regulations & Red Tape

23-08-2015, 06:23

Replies: 64

USCG Documentation and Which State to use

Views: 14,974

Posted By Jman

USCG Documentation and Which State to use

You can more or less guarantee an audit for yourself if you attempt to show nothing but losses for 5 years. By income I think you mean it needs to show a net income, which will not happen by renting...

Forum: Rules of the Road, Regulations & Red Tape

21-08-2015, 04:42

Replies: 64

USCG Documentation and Which State to use

Views: 14,974

Posted By Jman

USCG Documentation and Which State to use

I guess I just don't get it. The OP never indicates which state he is actually looking to operate the boat out off. Presumably if he needs the the money to "to get sailing" he his going to be working...

Forum: Rules of the Road, Regulations & Red Tape

18-08-2015, 09:41

Replies: 64

USCG Documentation and Which State to use

Views: 14,974

Posted By Jman

Re: USCG Documentation and Which State to use

That may be true, but if you bought the boat more then six months ago, kept it in another state for at least the six months, and then moved to Florida, you are exempt from Florida use tax. Same rules...

Forum: Rules of the Road, Regulations & Red Tape

17-08-2015, 19:30

Replies: 64

USCG Documentation and Which State to use

Views: 14,974

Posted By Jman

USCG Documentation and Which State to use

So there is sales (use) tax, one time, or perhaps when you relocate to another state. More or less honorary, at least here in Massachusetts, since there is no policing force for it. Since it is...

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