I was playing on a new world and crafted a boat to cross the ocean. There was no problem placing the boat or getting in. The bug occurred after I broke the boat, I looked around trying to find it and I couldn't. So, I crafted another boat and after breaking it, once again the boat was missing. I decided to do some testing and after breaking a boat on land, there was no drop for the boat.

Only works on normal boats, not chest boats. 

Steps to Reproduce:
1. Craft a boat
2. Place the boat down
3. Break the boat

Link to bug: https://drive.google.com/drive/folders/18Xu4PnbtyrjhjvZfG0q8A66bV1auuwGa?usp=sharing