Am I correct or not?
In my way of thinking when you purchase a motorhome, as you would a house, it's an investment. Yes, unlike a house, there will be depreciation as opposed to appreciation. If you don't live in it full ...
Forum Discussion
Floridastorm wrote:
...If you don't live in it full time then there is no tax write off as there would be in a house. ...
IRS Publication 936 (see page 4)
A motorhome is treated as a second home. Like a second home, if you don't rent it out for any part of the year, there is no residency requirement to claim a tax deduction for the interest paid on the loan.
If you do rent it, then you must live in it for 14 days or more than 10% of the number of days it is rented out, for the motorhome to qualified as a second home.
Tom
