On Watch
Will Boat Owners Lose a Tax Break? Or Will Tax Reform Put More Money in Your Pocket? By Peter A. Janssen Is owning a boat – or taking out a loan to own a boat – about to become more expensive? The answer is yes, according to the tax reform bill recently passed by the House. It would end the mortgage interest deduction for second homes (which also applies to boats and RVs, as long as they have facilities for sleeping, eating and bathing). The Senate version of the bill, passed by the Finance Committee last week, retains the current…