IRS and RV's: Tax Deductible?

You can also get a government subsidy (tax credit) for a solar system on your RV. I deduct the interest on my RV loan. The Feds questioned my brother on him deducting interest on his. All he had to do was show paperwork that showed the loan was for an RV and they were satisfied it was legit.

allen8106 wrote:

NC Hauler wrote:
Have lived in WVa, VA and now NC and you are allowed to deduct the interest you've paid on your RV....ONLY stipulation I've seen is, the unit MUST have a built in bathroom in it....I've been deducting any interest I ever paid on a TT or 5er for years, but couldn't when I owned a pop-up because it didn't have a "built in" bathroom...So I know it's perfectly legit in those three states....

Same in Kansas, have been deducting interest since 2007.

Just as a clarification, a rv or boat has to also have spaces for sleeping and cooking. Just a bathroom is not sufficent. All 3 needed before you can deduct the interest paid.

NC Hauler wrote:
Have lived in WVa, VA and now NC and you are allowed to deduct the interest you've paid on your RV....ONLY stipulation I've seen is, the unit MUST have a built in bathroom in it....I've been deducting any interest I ever paid on a TT or 5er for years, but couldn't when I owned a pop-up because it didn't have a "built in" bathroom...So I know it's perfectly legit in those three states....

Same in Kansas, have been deducting interest since 2007.

Just beware that if you are subject to alternate minimum tax (AMT) then the tax deduction for motorhomes goes away under that alternate calculation.

I don't believe it matters which state you live....when dealing with your Federal Tax Return, we all go by the same rules to my knowledge. Yes, you can deduct the interest of your RV loan on your Federal Return if you are able to itemize. This is assuming there is a loan on the RV. There is no deduction for cash sales. This is the info my CPA gave us last year. I have no idea what your state return (if you have one) allows. TX does not have a state return.

You can't get the right answer here. Others have given you good advise. Read the regulations carefully and/or consult a qualified tax accountant or attorney.

In my personal situation for example: My RV is financed and the interest would be deductible in many cases. But. Sadly - not in mine. My personal situation is that I can not do this. There could be other factors involved as well. It all depends on the individual and their personal situation.

In Iowa, as long as it has a designated kitchen, living room, bedroom and bath contained inside the RV, then you can deduct the interest, like a mortgage. Also we have a woodworking business and we could use it as a business deduction but cant have both. We were advised to take advantage of the interest and when its paid off we can continue taking a deduction for the business since we intend to take it to craft fairs and shows, if we are still doing it.

Keep reading about Oh, WVa, VA, NC, CA and even Columbus. I think the OP was asking about federal tax interest deductions on a RV, so why does it matter what state or city one lives in?

Terryallan wrote:
Here. They are considered a second, or vacation home, and the interest can be used for tax purposes as long as the collateral for the loan is the RV.

Correct. Been deducting interest on loan, as a second mortgage, for years.