I purchased a travel trailer & got a loan secured by the trailer. It is used as a 2nd home. Doesn't qualify for a 1098. How do I deduct loan interest?
It is financed by a bank and we have everything in the trailer that makes it a 2nd home.
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1 Best answer
MaryK1
Level 9
Jun 4, 2019 11:02:49 PM
You can indicate that "I did not receive a 1098" and proceed with the entry. Be sure the loan documents have a secured interest in the trailer and it is deductible as home mortgage interest.
1 Replies
MaryK1
Level 9
Jun 4, 2019 11:02:49 PM
You can indicate that "I did not receive a 1098" and proceed with the entry. Be sure the loan documents have a secured interest in the trailer and it is deductible as home mortgage interest.