Quote:
Originally Posted by waynemoore
Take from somebody who is in the tax business and has been for over 25 years.
You can deduct interest on a second home. Period. And a self contained RV is a second home. Period. I know the law says Moterhome but the intent is self contained RV. And the IRS will except that is the intent (per my convention with them).
You are going to hear and read from all types of people who don't know what they are talking about. Like the guy who said you can deduct all the interest on the loan in the first year. This guy is just stupid you can only deduct interest in the year it was paid.
I am sure this will raise all kinds of comments but so be it.
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Question: Define self contained. We live full time in our 5th wheel.
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2017, 3500 Ram Big Horn, 4x4, Crew Cab, DRW, Aisin Transmission, 4:10. Curt Q20, 2014 Mountaineer 331 RLT, Sailun's on the rv and truck.
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