RV Tax Deduction ???

#1
Hi,
How many of you have successfully claimed the interest on your RV (as a second home, etc.) on your income tax???

Thanks.
Sherrie
 

ARCHER

Senior Member
#2
RV Tax Deduction ???

I have never claimed my Class A, since it was paid for when I bought it, however, I have claimed the interest I paid on a boat that had a head (bathroom), kitchen, etc., and it is perfectly legal to do that for a boat. :laugh:
 
#3
RV Tax Deduction ???

I just talked to my CPA and found out about this since I am a new RV owner. Anything that you spend overnights in that has a head, kitchen, and bedroom is fair game with taxes. Interest spent on the RV, boat, or second home is tax deductible. Time to get back at Uncle Sam!

buckbs
 
#4
RV Tax Deduction ???

My wife checked with our CPA and was informed the interest is tax deductible as long as it is a totally self-contained unit. We are on our third rv and have taken the deduction on each one.

Ken
 
#5
RV Tax Deduction ???

Hi!

We have used the interest we paid each year on our RV for the past 3 years and have never had a question raised. Of couse, I'm sure you know that this deduction can only be taken if you itemize deductions. It has been a great tax savings for us especially since we also have mortage interest on our home as well.

I didn't know about using the interest off a boat...something I'll keep in mind for the future maybe! Thanks!!

Joanne
 
#6
RV Tax Deduction ???

Thanks to all who replied. We went to H & R Block. Used the interest on the TT as a second home. All is well.
Have a great Mardi Gras holiday! :cool:
Sherrie :kiss:
 
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