AC09
Yuma
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Joined: 01/12/2012
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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??
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rr2254545
Minnesota
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Joined: 07/12/2009
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Rules have not changed if you could before you still can
2012 Winnebago Journey 36M Cummins 360
131 Campgrounds since we retired in July 2009
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Rollnhome
On The Move
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Joined: 07/31/2012
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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
North Vernon,in.
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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.
2004.5 Dodge 2500ctd Quadcab. Lariamie, 3.73, auto. pure stock
2005 Montana 2955 5er
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mpfireman
Cook County Il
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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.
1998.5 Dodge Ram Quad Cab Cummins
1998 Sunnybrook 27RKFS Fiver
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roster2
Enid, Ok
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I take it every year. This year I forgot and my tax preparer called me to get it.
2012 Montana 3402RL
2009 GMC 2500HD CC Duramax/Allison 6 spd 3:73/1 gears
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Chaplain, Christian Resort Ministries, Int'l
No pets, just two beautiful granddaughters
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mrkoje
Great Falls, MT
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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.
TT 2013 OutdoorsRV Back Country 26FS
TV 2012 Ram 2500 Crew 4x4 Outdoorsman SB 6.7L CTD
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the bear II
Torrance CA.
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Every year for the past 20 years. No problems with the IRS...knock on wood laminate.
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wincrasher65
Greer, SC
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Joined: 12/08/2012
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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.
2013 Palomino Columbus 320RS
2011 Chevy Silverado 2500HD Duramax 4x4 LTZ
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rr2254545
Minnesota
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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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