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Old 12-30-2006, 05:38 PM   #24
MAMalody
Montana Master
 
Join Date: Jul 2006
Location: Pasco
Posts: 986
M.O.C. #5972
Quote:
quote:Originally posted by pparamore

Mike, My TV and Monty are financed on the same loan (RV Loan), How do I seperate the interest on the TV versus the RV? Or do I need to worry about that?

Phil
I think Parrothead hit it again...assuming you don't want the lender to give you a breakdown...which is a pain. The percentage method works good and is generally accepted by the IRS.
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