Home deduction.
Last year may be the last year we can claim the interest deduction on homes and RVs. I haven't heard it being reinstated. But... Last year as years before we spent a substantial bit of money on being...
Forum Discussion
Kiwi_too wrote:
IMO. No, you cannot use rv storage as a deduction. My CPA said that is a no.
IRS Pub 936 PDF From the IRS.GOV site.
Contrary to what some others are saying, in accordance with the IRS Pub 936, claim interest as a second home. It does not have to be used as a business. I use a CPA as well, and he and his firm have confirmed this interpretation. First and second homes are fully deductible, after that there are more restrictions. Look at the "Qualified Home" section of IRS Pub 936.
I think you got confused in all of the confusing posts previously. nobody said you couldn't deduct the interest on a second home. what was said was that it had to be a business to deduct other items, besides and in addition to interest.
bumpy
