Woodalls Open Roads Forum: General RVing Issues: Tax write off for your RV
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 > Tax write off for your RV

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AC09

Yuma

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Posted: 02/19/13 09:06am Link  |  Print  |  Notify Moderator

Haven't researched this much but I was wondering if anyone here takes any kind of tax write off for their RV? I was told at one time you could but now you cannot??

rr2254545

Minnesota

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Posted: 02/19/13 09:25am Link  |  Print  |  Notify Moderator

Rules have not changed if you could before you still can


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Rollnhome

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Posted: 02/19/13 09:26am Link  |  Print  |  Notify Moderator

I right the intrests off as a second home plus other property tax type fees. Check with your tax guy


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john&bet

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Posted: 02/19/13 09:26am Link  |  Print  |  Notify Moderator

AC09 wrote:

Haven't researched this much but I was wondering if anyone here takes any kind of tax write off for their RV? I was told at one time you could but now you cannot??
In the past our acct. has taken our rv mortgage interest off, but we have not filed yet this year.


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mpfireman

Cook County Il

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Posted: 02/19/13 09:28am Link  |  Print  |  Notify Moderator

Some do, others do not. I have never taken a tax write off on our campers, 3 of them. Our tax man says NO.
Others will chime in as they have been doing this write off for years.
We never finance our RV purchases, thus the only fee we have is the state license.


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roster2

Enid, Ok

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Posted: 02/19/13 09:29am Link  |  Print  |  Notify Moderator

I take it every year. This year I forgot and my tax preparer called me to get it.


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mrkoje

Great Falls, MT

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Posted: 02/19/13 09:30am Link  |  Print  |  Notify Moderator

AC09 wrote:

Haven't researched this much but I was wondering if anyone here takes any kind of tax write off for their RV? I was told at one time you could but now you cannot??


I know a guy who claimed his FW as a second home and used the mortgage interest deduction. I know that he did it but I'm not sure if it was legit with the IRS. Maybe there is an accountant on here somewhere that can properly answer the question because that's the advice you would want to follow.


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the bear II

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Posted: 02/19/13 09:32am Link  |  Print  |  Notify Moderator

Every year for the past 20 years. No problems with the IRS...knock on wood laminate.

wincrasher65

Greer, SC

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Posted: 02/19/13 09:34am Link  |  Print  |  Notify Moderator

You basically have 1 of 2 options.

If your RV has working living facilities - bathroom & kitchen - you can deduct the interest on the note as a 2nd home mortgage deduction. Provided you are not already deducting a vacation home this way and also that you are not renting out your RV.

Your other option is if you are using your RV in business pursuits. If you stay in your RV at a remote work location, where you would otherwise stay in a hotel, then you can deduct the value of that usage as a business expense. That is where it can get grey. You can't deduct more than the lodgings portion in the CONUS table, which is the value of hotel rooms in the local area. You are also entitled to deduct the value of meals and incidentals from that same table instead of itemized reciepts.

You can do one or the other, but not both.


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rr2254545

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Posted: 02/19/13 09:34am Link  |  Print  |  Notify Moderator

Total legitimate - but you must meet certain criteria ie must have sleeping, eating and bathroom and loan must be secured by the vehicle.

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