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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 permit applications, regardless of docking location. This document serves as proof of transaction for both parties and provides necessary documentation for tax purposes. A proper boat bill of sale should include the identities of the buyer and seller, the sale price, and the date of the transaction. It is also advisable to mention the location of the transaction, especially if the buyer and seller are in different states or if the boat is located elsewhere at the time of sale, as the applicable laws will be those of the state where the boat will ultimately reside.
