IRS and the Interest Deduction
Anybody else having issues with the IRS on the mortgage interest deduction for the motorhome as a second home? My motorhome is financed through Wells Fargo Bank. For the entire life of the loan they...
Forum Discussion
jorbill2or wrote:
I've always done just as you as it's not a mortgage loan it's a vehicle loan . The interest is still deduct able as long as it has a bed ,cooking and bathroom facility . It doesn't matter who loans the money. Heck if uncle Larry loans you money for your stick home and charges interest he's not providing a 1099 and the interest is still deductible. I'd request a hearing.
I actually used that very language with them in the explanation letter I sent them.
