What is really deductible?
I've seen a few posts that say the interest on an rv loan is deductible like a home mortgage. Is this true? I'll double-check with our accountant as she may already have us covered, but I am curious a...
Forum Discussion
tjfogelberg wrote:
For those who itemize (roughly 1/3 of taxpayers), it is a commonly forgotten deduction. Most RV lenders do not send out a tax statement at the end of the year so it gets forgotten. You can go back 3 years and amend if necessary if it was missed and you utilized Schedule A (Itemized Deductions).
Did this to the tune of an additional $1,036 back in my pocket!
