RV Loan Interest Deduction yes or no?

johnwalkerpa1 wrote:
Hello all,

I did some research and even read the actual text of the new tax law. Maybe I missed it but I have been unable to find a concise answer....So....Does anyone know if:

1. IS Second home mortgage interest still deductible in general (I know that home equity loans are NOT)
2. Do RVs still qualify as second homes?

And...please no politics or discussion about if either of the above two items or the tax law in general is good, bad, or indifferent :) There are MANY other places for that debate...

Just a simple question...Thanks..

Yes to both questions. We've been doing it for 14 years.

But that might be changing with the new tax law, nobody knows. One thing I can tell you for sure, and this is not getting political, they're doing the same thing they did under the big tax overhaul in 1986 under Reagan. Sure, we got a big tax cut, but a lot of stuff like virtually ALL interest, credit card or otherwise, was no longer deductible. Don't yet know if the new law will help me or not.