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A boat bill of sale is a legal document that facilitates the transfer of ownership of a vessel or watercraft. It is often required for state permit applications, regardless of docking location. This document serves as proof of transaction for both parties and is useful for tax documentation. Key elements that should be included in a boat bill of sale are the identities of the buyer and seller, the sale price, and the date of the transaction. Additionally, it is recommended to specify the location of the sale, especially if the buyer and seller are in different states, as the relevant laws will apply based on the state where the boat will be registered.
