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Level 1
January 16, 2020
Solved

Deduction

  • January 16, 2020
  • 1 reply
  • 9 views

I bought a travel trailer and live in it quite a bit out of town for work. Can I write this off on my taxes. I make the payments and don’t get any kind of reimbursement 

    Best answer by LeonardS

    The IRS considers a home to be a house, condominium, cooperative, mobile home, boat, recreational vehicle or similar property that has sleeping, cooking and toilet facilities.

     

    If your trailer meets these requirements, then you may deduct your mortgage interest and taxes related to your travel trailer.

     

    This TurboTax article Deducting Mortgage Interest FAQs, has additional information that you may find useful.

    1 reply

    LeonardS
    LeonardSAnswer
    Level 14
    January 16, 2020

    The IRS considers a home to be a house, condominium, cooperative, mobile home, boat, recreational vehicle or similar property that has sleeping, cooking and toilet facilities.

     

    If your trailer meets these requirements, then you may deduct your mortgage interest and taxes related to your travel trailer.

     

    This TurboTax article Deducting Mortgage Interest FAQs, has additional information that you may find useful.

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