Boat Finance(rate)
#1
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What are the current rates on a 100k over 20 years?I also want to know if lenders will go 100% with excellent credit.I have 20k for down ,but would rather use it to clean my slate.DAMN ,SPEEDS EXPENSIVE!!!!!
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If it has a sink, head and a portable stove, you can deduct it
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ok I have the cuddy, sink and the porta potty what kind of stove qualifies single burner ok or will a mini microwave do
this is a 25 footer so room is tight
this is a 25 footer so room is tight
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Here, I looked it up for our reference.
This is straight from our beloved I.R.S.
"For you to take a home mortgage interest deduction, your debt must be secured by a qualified home. This means your main home or your second home. A home includes a house, condominium, cooperative, mobile home, boat, or similar property that has sleeping, cooking, and toilet facilities.
If you buy a lot and place the manufactured home on it, the interest paid for the lot would be qualifying home mortgage interest, provided that it was secured by the house."
This is straight from our beloved I.R.S.
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"For you to take a home mortgage interest deduction, your debt must be secured by a qualified home. This means your main home or your second home. A home includes a house, condominium, cooperative, mobile home, boat, or similar property that has sleeping, cooking, and toilet facilities.
If you buy a lot and place the manufactured home on it, the interest paid for the lot would be qualifying home mortgage interest, provided that it was secured by the house."
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Daze,
Stupid question. Needs asked. When I fill out the tax form where line item is for mortgage interest, where do I put the interest amount I am going to deduct for my boat? Do I put the amount of interest on the line second mortgage or what?
Sure would appreciate the help.
Stupid question. Needs asked. When I fill out the tax form where line item is for mortgage interest, where do I put the interest amount I am going to deduct for my boat? Do I put the amount of interest on the line second mortgage or what?
Sure would appreciate the help.
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so this boat loan qualifies I just have to get a interest statement
I think a 1099 from the lender I really need the deduction
the boat loan is 19.95% interest quite a few grand in interest
I think a 1099 from the lender I really need the deduction
the boat loan is 19.95% interest quite a few grand in interest