It’s best to plan your tax strategy even before purchasing a boat by deciding on how to handle the sales tax on this high-end purchase. Some states have yearly property taxes on boats that may be more costly than sales and use taxes over the years. You need to think about:

  • Business Commuting deduction
  • Can you take a primary or secondary home deduction?
  • Should You Put Your Boat in an LLC?
  • 179 deduction
  • Should you consider an offshore closing at purchase?

Our thoughtful expertise can guide you through the murky waters of tax planning. We welcome you to take advantage of a free discovery session by visiting New Client Application or