If I purchase a boat to live aboard, does it qualify for the $8000 tax credit?

Question

I have lived on a boat before and I really like it. Now, I am looking at purchasing a boat as my primary residence. I know this seems a bit of a stretch, thus the question, can I still qualify for the $8000 tax credit for first time home buyers? I did note that "houseboats" are covered, but, what about a regular boat? I am looking for something in the 40-50 foot range which is substantially large enough to live aboard.

Answer 1

Believe it or not but some house boats are considered under the plan. Check this page out.Check out #10 What's the definition of principal residence.Hope this helps

Answer 2

To qualify as a residence a boat, RV, etc. must have cooking, sleeping, and toilet facilities on board. If it does, and if you occupy it as your main home for 3 full years from the date of purchase, it qualifies for the credit if you are otherwise eligible to claim it.

Answer 3

Vacation homes and rental property are not eligible.

It must remain your main home for 3 years.

Answer 4

generally 'boats' don't have the requirements, you have to see what is required to be determined to be a residence