The IRS will not permit deductions for most sailboats or speedboats.
reported by one outlet so far · Attributed statement · first recorded Jul 8, 5:30 AM
How each outlet reported it
cpapracticeadvisor.comUnrated · Jul 8, 12:45 AM
The IRS will not permit deductions for most sailboats or speedboats.
Cites: IRS · Details: sailboats or speedboats excluded