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    joanndavis's Avatar
    joanndavis Posts: 9, Reputation: 1
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    #1

    Jan 8, 2008, 11:30 AM
    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.:rolleyes:
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    Jan 8, 2008, 08:25 PM
    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.
    joanndavis's Avatar
    joanndavis Posts: 9, Reputation: 1
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    #3

    Jan 9, 2008, 05:47 AM
    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
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #4

    Jan 9, 2008, 10:29 AM
    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.
    SWI's Avatar
    SWI Posts: 1, Reputation: 1
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    #5

    Feb 18, 2009, 04:22 PM
    Quote Originally Posted by AtlantaTaxExpert View Post
    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.
    What paperwork if any is needed for this deduction?
    Is there a minimum motorhome usage reqt to make this deduction?
    Where do I put the deduction on the Form 1040? (I cannot find reference to it on instructions for Sched A)
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #6

    Apr 15, 2009, 01:00 PM
    You list it in the deductible interest section of Schedule as "second home mortgage interest".

    As for the required paperwork, I would ask the loan company for a letter stating what amount of the payments made in the calendar were interest and what were principal.

    To my knowledge, there is NO minimum usage requirement.
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