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 are also with US Bank. They do not send out forms for RV loans. I have had to call them every year to get the interest amount paid. They always send me a confirming letter with the amount of interest, noting that the loan is an RV loan.
clinedinstjt wrote:
I had the same problem for 2012 tax year. My accountant sent a letter to IRS explaining it was used as a second home and I guess IRS was satisfied with the response. I use US Bank and they don't send out 1099's, just a year end statement.
