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Home > Money & Services > Taxes   »   Deductible Interest from Motor Home.

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Old Jan 8, 2008, 10:30 AM
joanndavis
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Deductible Interest from Motor Home.
I am a full time RV'er can I deduct the interest from my motor home on my federal taxes?
This is the only home that I have. Please Help.

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Old Jan 8, 2008, 07:25 PM   #2  
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Yes; motor home interest CAN be deducted as mortgage interest if the motor home serves as either a first or second home.

That is one reason they are so popular.

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joanndavis agrees: He gave me the answer I wanted. I checked with the IRS and he is correct.
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Old Jan 9, 2008, 07:47 AM   #3  
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Thanks for the help. One more question, if we stay in an RV Park for 6 months or longer can we take our monthly rent off anywhere in Federal taxes?
Thanks
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Old Jan 9, 2008, 12:29 PM   #4  
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Negative. Rent is NOT deductible unless it is associated with the business use of your home.

If you are running a business out of your motor home, you could deduct the rent on a pro-rated basis depending on how much of the motor home is being used EXCLUSIVELY for the business.
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