IRS and RV's: Tax Deductible?

[AlCar]

I was told by someone that RV, if they have a bed, a kitchen, and a bathroom, can be considered a second home and thus deductible on your 1040 when you file taxes. I can't find anything about it in the tax forms. Can some one help me out on this matter?

[allen8106]

From page A-7 pf the 2013 form 1040 instructions:

Lines 10 and 11
Home Mortgage Interest

"A home mortgage is any loan that is secured
by your main home or second
home. It includes first and second mortgages,
home equity loans, and refinanced
mortgages.
A home can be a house, condominium,
cooperative, mobile home, boat, or
similar property. It must provide basic
living accommodations including sleeping
space, toilet, and cooking facilities."

[MitchF150]

Never mind.. 😉

[zackyboy3rs]

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.

X2.

[Bob___Ann]

Our CPA signed off on it and states that it is a standard deduction. Of course he always says that it could change from year to year.

[Bob___Ann]

Ron3rd wrote:

AlCar wrote:
I was told by someone that RV, if they have a bed, a kitchen, and a bathroom, can be considered a second home and thus deductible on your 1040 when you file taxes. I can't find anything about it in the tax forms. Can some one help me out on this matter?

Actually, the interest on your loan is tax deductible if it meets the second home criteria you list above. We deduct the loan interest every year on our tax return. We have our taxes professionally done.

X2

[Ron3rd]

AlCar wrote:
I was told by someone that RV, if they have a bed, a kitchen, and a bathroom, can be considered a second home and thus deductible on your 1040 when you file taxes. I can't find anything about it in the tax forms. Can some one help me out on this matter?

Actually, the interest on your loan is tax deductible if it meets the second home criteria you list above. We deduct the loan interest every year on our tax return. We have our taxes professionally done.

[kmbelt]

Jerry_Keller wrote:
I've done it for several years. My IRS guidance was from 2009. I just downloaded 2013 Publication 936 from the irs.gov site. Check under "Qualified Home" on page 4.

"For you to take a home mortgage interest de-duction, your debt must be secured by a qualified home. This means your main home or your second home. A home includes a house, condominium, cooperative, mobile home, house trailer, boat, or similar property that has sleeping, cooking, and toilet facilities."

That is how i've claimed my campers over the years. I was even able to claim my previous Fleetwood Niagara popup since it was considered self contained and had holding tanks for the bathroom facilities.

[Jerry_Keller]

I've done it for several years. My IRS guidance was from 2009. I just downloaded 2013 Publication 936 from the irs.gov site. Check under "Qualified Home" on page 4.

"For you to take a home mortgage interest de-duction, your debt must be secured by a qualified home. This means your main home or your second home. A home includes a house, condominium, cooperative, mobile home, house trailer, boat, or similar property that has sleeping, cooking, and toilet facilities."

[doxiemom11]

You will want to go to the topics section on irs.gov for taxes and read mortgage interest information - specifically 2nd homes. That is where you will find the information.

We do claim the interest paid on our loan for our motorhome, however, we rented our house out and are full-time, so this is our 1st/only home.

[Charlie_D_]

There are also deductions on sales tax for "Large Purchases"

[msmith1199]

IRS Instructions on the matter

[Dakzuki]

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.

[RVUSA]

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.

[allen8106]

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.