Electrical Golf Cart -- Tax credit ??????
I need to purchase a golf cart to get around the campgrounds. Do you know if there is a tax credit for an electrical one? . . :h Any other advantages of gas vs electrical?
Forum Discussion
Flapper wrote:
Ummm, there are tax credits for RV's - you can deduct the interest as part of the home mortgage deduction......
since the OP was referring to the purchase of an electric golf cart I was referring to the purchase of an RV. the tax credit you're referring to is not a tax credit...it's a deduction for the mortgage interest on a second home and, assuming it meets the test set forth in the IRS regs, an RV can qualify as a second home.
I agree wholeheartedly about aggressively taking every deduction, or tax credit, a taxpayer is due.
