lbrjet wrote:
The OP is using the mobile home/RV as a primary residence folks so all of these '2nd home' posts do not apply. No one addressed the question at hand. Don't think the interest can be put on schedule A.
You have to pay a lot of mortgage interest/real estate taxes/charitable giving these days to be even be able to write off your RV interest, like over a grand a month for a joint return. The tax benefit then applies to anything over that. Only one third of tax payers pay that much and actually use the Scedule A amount these days, vs the standard deduction.
You need to rethink that. Unless it is the third home, the interest is deductible. Yes, you must have enough interest and other items to use Schedule A. You might be surprised how many elderly, especially if they are single, have enough medical expenses, taxes, and charitable donations to itemize even without the interest so it can help them. Apparently the OP thought it would help him. At least that has been my experience doing tax returns professionally for almost 40 years.
