Question: Do you have to pay taxes living on a boat?

Yes, you still have to pay taxes when you reside on a liveaboard boat. However, there are ways to minimize your tax bill as well as multiple tax advantages of living on a boat.

Do I have to report the sale of my home to the IRS?

You generally need to report the sale of your home on your tax return if you received a Form 1099-S or if you do not meet the requirements for excluding the gain on the sale of your home.

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