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A boat bill of sale is a legal document that records the transfer of ownership of a vessel or watercraft. It may be required for various state-run permit applications, regardless of where the boat will be docked. This document serves as proof of transaction for both parties and is useful for tax documentation. Essential elements of a boat bill of sale include the identities of the buyer and seller, the sale price, and the official date of the transaction. Additionally, it is advisable to note the transaction location, especially if the buyer and seller are in different states or if the boat is located elsewhere during the sale. The relevant laws will be those of the state where the boat will ultimately be registered.
