Hello We bought our first TT in June 2013. I vaguely remember the salesman saying something to do with a tax deduction on the TT because it is considered a second home. Can anyone tell me more about this? What, if anything is deductible?
Sorry you don't get to deduct your sales tax. You can deduct the interest on the RV loan as a second home, if you go long form on your Federal Taxes. Use schedule A just like on your original home.
Bill B. (S.E. Michigan) 2015 Dodge Ram Crew Cab 4x4 Hemi 2016 Rockwood Windjammer 3029W
Greydennyhawk wrote: If the debt on your RV is secured by your RV , and it has cooking, sleeping and toilet facilities, the interest on this debt is deductible. Check with your tax advisor
Do you deduct anything on your taxes for your RV? Unless you're using it for business, how do you do it? What's the tax code? Please advise.
Greydennyhawk wrote: If the debt on your RV is secured by your RV , and it has cooking, sleeping and toilet facilities, the interest on this debt is deductible. Check with your tax advisor
You are allowed to deduct your main home and 1 second home/rv loan interest as long as the rv has the items above.
Now 2004 Winnie Minnie 31C Had 2007 Zeppelin 190 Hybrid, 1999 30' Dutchman Classic FW
If the debt on your RV is secured by your RV , and it has cooking, sleeping and toilet facilities, the interest on this debt is deductible. Check with your tax advisor
Denny, Rosie and Josie the Beagle 2016 Allegro 36 LA 2016 Mazda 3
Wow! If someone can answer that question, I'll kiss you! I've had H&R Block prepare my taxes for the last ba-zillion years and I've never been able to deduct a single penny. What's the answer ... please tell!
