Allows a deduction for loan interest payments made with respect to certain watercraft.
The Boat Loan Interest Deduction Act of 2026 amends the Internal Revenue Code to allow a deduction for loan interest payments made with respect to certain watercraft. This applies to watercraft that are recreational vessels and motorboats, with the final assembly occurring in the United States. The deduction applies to indebtedness incurred after December 31, 2025.
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