wnytaxman
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Re: Jayco vs Winnebago class A?
kenwautoone wrote: Jayco now owned by Thor.....buyer beware....Ken There has been zero decline in quality since Thor took over Jayco. In fact the Entegra line seems to have improved. I wouldn't worry about Thor owned Entegra. Remember that Thor also owns Air Stream and Hymer and there has been no noticeable change in quality at either company.886Views0likes0CommentsRe: Buying first Motorhome, used
et2 wrote: Thor is the largest rv mfg. And they're the worst IMHO. We've owned more than one of their product platforms. They buy up their competition ( that were good on their own) and the quality takes a dive. Never again will we own a Thor made product. They make them look really great, but that's where it ends for them. As far as buying a rental. I personally never would consider it as most people renting these things could care less what they did to it or how they drove it, much less knowing anything about them. If you looking for used, I'd buy from the original owner. Not a dealer. Preferably someone who has all the service data. Even ask if they warranty for problems for 6 months ( in writing ). You never know when someone is trying to get rid of a lemon at your expense. Many people trading a MH in at around the 5 year mark are doing so to get into a newer model. But it could be at the point tires and batteries are at the replacement point. The cost to do that could be around $5000 or more. So they use that cash as part of the downpayment on the new, or pocket it . You might be laying out that money they saved after your purchase. If you get a really good deal, that might not matter, but it should be part of your negotiation with the dealer or private owner. Interesting comment but I would have to disagree with you. Thor bought Airstream and the quality has not deteriorated. Thor bought Entegra and the quality has actually seemed to have improved. Their business model seems to be more of buying up companies that complement their offerings rather than compete with them.634Views0likes0CommentsRe: Newmar vs Berkshire - Diesel Bunkhouses
We had a 2011 Berkshire 390bh. It was one of those that got recalled and fixed for the overweight chassis. Forest River had us drive to Gaffney, SC where they replaced all six tires and the front air bags. That raised the carrying capacity from 1,900 pounds to over 5,000 pounds. Literally that was the only major issue in seven years of ownership. It was a good unit all the way around and it did have one of the best floor plans we had seen. No complaints about the quality of the Berkshire. So why did we switch? We wanted to go to a tag axle coach and one that was better insulated. The Berk could get really hot inside if the temps got well over 90.689Views0likes0CommentsRe: Touring South & East US
If you get to Letchworth State Park and the Finger Lakes head on over to Niagara Falls and even stop in Buffalo. Buffalo? Yes, that same city has been going through a revival and it has some of the best historic architecture in the country. You can even zip line from a grain elevator painted like a giant Labatt's can. Fun things in an unexpected place.473Views0likes0CommentsRe: Looking for particular amenities in a class a
If you could go a bit longer you might want to look at the Forest River Berkshires. They run about 39 feet and have most, if not all, of the amenities you are seeking. You should specify if you are looking at gas or diesel. If you are looking for gas then you might want to check out the Georgetown which is also a Forest River brand.198Views0likes0CommentsRe: RV interest deduction
fairway2002 wrote: FYI. Im not a tax guy. But was told in 2018 you can only deduct interest on one loan. Anyone heard anything on this? Thanks There is a limit now on being able to deduct interest on home equity loans. If the home equity loan was used for any purpose other than improving or repairing the home then the interest will not be deductible in 2018 and beyond. Those that used the home equity loans to finance the kids' college education or an RV will be out of luck. The second home interest deduction is alive and well so you can take the interest on a mortgage on a primary home and also a second home which does includes any RV with a kitchen and bathroom facility. The only change on this area is the principal used to be capped at $1 million and now it's $750,000.385Views0likes0CommentsRe: RV interest deduction
CVD wrote: westernrvparkowner wrote: ... If the loan to purchase the RV is not secured by the RV (i.e. used a credit card, a personal loan etc.), any interest will not be deductible... My understanding is the loan doesn’t have to be secured by the RV. If there is clear and direct line between the non-real estate/non RV secured loan and the use of those funds, then interest on those funds may be deductible via interest tracing rules. I know this applies to use of funds for a business expense (e.g. Schedule E activity); I’m guessing the same concept applies to an RV/ 2’d home purchase. It wouldn’t work for a credit card (multiple uses of the funds), but should work for a personal loan or securities backed LOC where you directly use the funds for the RV purchase and nothing else. That isn’t the case on a second home interest deduction. The tracing rules do not apply for a loan to be deductible as a second home. For any interest to be deducted as mortgage interest, the loan must be secured by the home. Primary home mortgage must be secured by the primary home. A second home must also be secured by the second home. The tracing rules apply to investment interest and intra family gifting loans.385Views0likes0CommentsRe: RV interest deduction
2oldman wrote: wnytaxman wrote: 2oldman wrote: Do your taxes online. That's fine if you know the law which most people don't. Turbotax knows the law, that's why I pay them. And no paper. We have had a lot of returns that had to be amended by people who THINK they know the law and decided to do their taxes on line. Some folks do know enough to do them on line, but if someone has anything that is more complicated like rental properties, Schedule C's, partnership interests, etc., should actually seek professional help. With all the changes in the 2018 law I would thoroughly expect a lot of folks will be giving up on the do-it-yourself tax preparations.385Views0likes0CommentsRe: RV interest deduction
2oldman wrote: Do your taxes online. That's fine if you know the law which most people don't. Lenders generally do not issue a 1098 for interest paid on RV loans. You will usually have to request that information which hopefully will be given to you in writing. Remember to take the deduction on Line 11 of Schedule A, not on the mortgage interest line. On Line 11 put down the name of the lender and RV loan and the amount of the interest. As a side note, an RV publication stated that in 2018 you could not deduct the interest paid on any towables. That was in error. You will still be able to deduct the interest paid on a towable in 2018.122Views0likes0Comments
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