Taxes NC
Ok, im curious, Is it possible to write off your intrest on your camper for what you paid the intrest on in during the year, this is for the state of NC.
Forum Discussion
This deduction has nothing to do with which state you live in. It is allowed on the Federal Income Tax forms. You are allowed to claim your RV as a second home if it meets certain criteria being a second home must have sleeping, cooking, and toilet facilities. If your travel trailer meets these conditions, it can be a second home. You can deduct interest paid on a loan used to purchase your second home. You can only deduct interest for two homes—your main home and a second home.
This is all described in your Income Tax return forms...
Interest paid on a $35,000 loan in my case doesn't add up to much but every bit helps haha All you need to do is identify the loan provider for the second home loan.
As stated above you should check all of this out from the Income tax forms instructions...
Again it has nothing to do with individual states. Its a federal Income tax benefit...
Tons of information can found on GOOGLE about this subject...
Works for me here in VA... My ten year note is just about up haha...
Roy Ken
This is all described in your Income Tax return forms...
Interest paid on a $35,000 loan in my case doesn't add up to much but every bit helps haha All you need to do is identify the loan provider for the second home loan.
As stated above you should check all of this out from the Income tax forms instructions...
Again it has nothing to do with individual states. Its a federal Income tax benefit...
Tons of information can found on GOOGLE about this subject...
Works for me here in VA... My ten year note is just about up haha...
Roy Ken
