It just came to me that we are spending as much on mobile living as most are on fixed living. That being said, then why is it that we should not also be included in the mortgage interest deduction in taxes, just like fixed assets?I propose we get deeper into investigating and pushing for a deeded title for full time mobile rigs?Depreciation between houses and RV's have different sliding scales,but I see no reason this agenda should not be pushed for that we have "0" deduction now, VS a fixed asset.

Check current rules, we deducted interest on our 5er as a second home.

Interest on a self-contained RV IS deductible on your federal income tax return. It's been that way for many years.Even if you have a permanent residence, the RV is considered a 2nd home and the interest is deductible.

hotjag1 wrote:Interest on a self-contained RV IS deductible on your federal income tax return. It's been that way for many years.Even if you have a permanent residence, the RV is considered a 2nd home and the interest is deductible.Be aware that the interest on a motorhome goes on a different line than regular home mortgage interest.I don't know what line ot goes on because I don't do my own taxes as I get really PO'ed when I do so I have our accountant do it.

dons2346 wrote:hotjag1 wrote:Interest on a self-contained RV IS deductible on your federal income tax return. It's been that way for many years.Even if you have a permanent residence, the RV is considered a 2nd home and the interest is deductible.Be aware that the interest on a motorhome goes on a different line than regular home mortgage interest.I don't know what line ot goes on because I don't do my own taxes as I get really PO'ed when I do so I have our accountant do it.Ditto DittoSecond home deducted and yep I put deduction on wrong line but it was an easy fix.JimR

I thought most RVers knew the interest is tax deductible.

Title an RV into deed to claim a mortgage interest deduction

gbopp
Explorer
Dec 13, 2015
I thought most RVers knew the interest is tax deductible.
Community Alumni
Dec 13, 2015
dons2346 wrote:
hotjag1 wrote:
Interest on a self-contained RV IS deductible on your federal income tax return. It's been that way for many years.

Even if you have a permanent residence, the RV is considered a 2nd home and the interest is deductible.

Be aware that the interest on a motorhome goes on a different line than regular home mortgage interest.

I don't know what line ot goes on because I don't do my own taxes as I get really PO'ed when I do so I have our accountant do it.

Ditto Ditto
Second home deducted and yep I put deduction on wrong line but it was an easy fix.

JimR
dons2346
Explorer
Dec 13, 2015
hotjag1 wrote:
Interest on a self-contained RV IS deductible on your federal income tax return. It's been that way for many years.

Even if you have a permanent residence, the RV is considered a 2nd home and the interest is deductible.

Be aware that the interest on a motorhome goes on a different line than regular home mortgage interest.

I don't know what line ot goes on because I don't do my own taxes as I get really PO'ed when I do so I have our accountant do it.
hotjag1
Explorer II
Dec 13, 2015
Interest on a self-contained RV IS deductible on your federal income tax return. It's been that way for many years.

Even if you have a permanent residence, the RV is considered a 2nd home and the interest is deductible.
George_H
Explorer
Dec 13, 2015
Check current rules, we deducted interest on our 5er as a second home.

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