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
We received "the letter" a couple of years ago, for our 2010 return, questioning our interest deduction. I sent them a copy of the letter I got from my lender showing the interest paid, and that was all it took to clear it up.
I believe that typical mortgages provide a year-end statement - i forget the form number - but most RV loans may not provide an official IRS form. But if you've got a document from your lender showing what the loan is for, and how much interest you paid then you're good to go.
I believe that typical mortgages provide a year-end statement - i forget the form number - but most RV loans may not provide an official IRS form. But if you've got a document from your lender showing what the loan is for, and how much interest you paid then you're good to go.
