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A boat bill of sale is a legal document that establishes the transfer of ownership of a vessel or watercraft. Depending on the state, it may be required for state-run permit applications. Bills of sale provide proof of transaction and documentation for tax purposes. Key elements of a boat bill of sale include the identities of the buyer and seller, the sale price, the official date of the exchange, and the location of the transaction. If the buyer and seller are in different states, the law of the state where the boat will be docked applies. This document helps clarify ownership and ensure that both parties are protected during the sale process.
