So, you want to write off your sailboat or motor yacht? Maybe you went to a boat show and a yacht broker told you it was possible, but you went home to your CPA, and they said, “It’s not possible” or “You can’t do that”.

Well, we have good news! If you own a boat, there are several possibilities for taking tax deductions for certain expenses related to its use. However, there are a number of factors to consider before claiming any tax deductions related to your boat, and you must understand the restrictions and requirements of current tax laws for boat tax deductions.

Luckily, you can read our FREE e-book to learn about the exact steps you should take to write off your boat!