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All Forum Posts by: Chase Linrothe

Chase Linrothe has started 1 posts and replied 1 times.

Foreclosures

Post: Sailboat Purchase Taxes

Chase LinrothePosted
  • Posts 1
  • Votes 1

Thisniant really real estate in the traditional sense but I’m buying a sailboat in Sausalito CA and plan to sail the boat up to Seattle WA, where it will be permanently kept. From what I can see, it looks like the tax rates in the Bay Area turn out to be a wash when compared to Seattle. I have looked into doing an offshore sale in international waters to avoid CA tax, but if I take the boat up north I will be paying essentially the same amount of taxes once I get to Seattle. Right now I’m thinking it probably makes most sense to just pay the tax in CA and be done with it.

Any insight on this would be greatly appreciated! 

Chase 

1 Vote