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#7921 - 01/28/12 07:14 PM Tax Time Reminder
mikhen Offline

Spend More Time Camping than Working
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Registered: 08/30/10
Posts: 1796
Loc: Oley, Berks County, Pa
If you are financing your RV, and it has a kitchen, bathroom, and sleeping quarters, the interest you paid IS deductible as a second home. If you don't get a 1098, call the finance company and get the amount and their federal tax id.
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#7925 - 01/30/12 09:22 AM Re: Tax Time Reminder [Re: mikhen]
Lerch RV Offline
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Registered: 09/09/09
Posts: 1958
Loc: Milroy, PA
Mikhen,
You also forget to mention that you have to be filing long form in order to use the interest.
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#10508 - 01/23/13 08:09 PM Re: Tax Time Reminder [Re: mikhen]
mikhen Offline

Spend More Time Camping than Working
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Registered: 08/30/10
Posts: 1796
Loc: Oley, Berks County, Pa
That time of year again.
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#10509 - 01/24/13 09:16 AM Re: Tax Time Reminder [Re: mikhen]
familycamper Offline
Lerch RV Customer
Weekend Camper

Registered: 06/10/10
Posts: 289
Loc: Adams County
Already received our 1098 form. I am amazed at how many people that do not know this.
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#10513 - 01/24/13 12:47 PM Re: Tax Time Reminder [Re: mikhen]
Lerch RV Offline
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Spend More Time Camping than Working

Registered: 09/09/09
Posts: 1958
Loc: Milroy, PA
You can only deduct your RV loan interest if you do not currently have a second mortgage such as a home equity loan, line of credit, or a second home. However please check with all applicable tax laws and/or a licensed tax preparer to determine if your RV loan qualifies.
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