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Old 11-07-2017, 11:54 AM   #6
kthoennes
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City: Sioux Falls, South Dakota
Vessel Name: Xanadu
Vessel Model: Mainship 37 Motor Yacht
Join Date: Oct 2013
Posts: 2,472
I ran some calculations too and came out way ahead overall because we slip under a revised bracket boundary. Even so though, seems to me unless you've financed a lot at a relatively high rate for a long term, that deduction really isn't worth that much. The final value of that deduction for us wouldn't even fill half the 300 gallon gas tank.

And although we're certainly not rolling in money, and I have no love of paying taxes, I'm not sure boat owners will elicit much sympathy on this topic. But either way, and I don't mean to turn this into a political topic, who knows what will ultimately pass, if anything.
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