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A boat bill of sale is a legal document that records the transfer of ownership of a vessel. Depending on the state, it may be required for various permit applications. Bills of sale serve as proof of the transaction and can provide documentation for tax purposes. Essential elements of a boat bill of sale include the identities of the buyer and seller, the sale price, and the date when the exchange becomes official. It's also advisable to indicate the transaction location, especially if the buyer and seller are in different states. The relevant laws apply based on where the boat will ultimately be docked.
