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I purchased a Motorhome in 2019, SC allows to claim as 2nd home. Can I also us the interest if the bank did not issue interest statement form?
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January 28, 2020
11:31 PM
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Deductions & credits
Yes you can claim an RV as a second home on your Federal return as well. You should be able to contact the bank and get a statement showing the interest paid in 2019.
You will enter it as a mortgage without a form 1098.
1. Click on the "deductions & credits" tab at the top of the page
2 Scroll to "Your Home" section
3. Click "Show more"
4. Find "mortgage interest, refinance..."
5. Click "start/revisit"
6. Click "add another 1098"
7. Enter lender name
8. Indicate "seller financed and didn't receive 1098"
9. Put in the bank information for your RV loan.
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January 29, 2020
12:07 PM