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beach house |
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Carradine estimated that the Crawfords could sell their Long Beach house for $490,000--roughly $300,000 more than its purchase price. Who's to say that Charles Darwin isn't spending the afterlife padding around a Malibu beach house in cargo shorts and a pair of flip-flops, lazily observing the birds on the shore and cataloguing California faultlines? The second home interest deduction--available since 1986 for boats with a galley, head and sleeping quarters and financed with a secured loan, is important to boating as it treats a boat the same as a vacation condo or beach house for tax purposes. |
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