KrisD15
Expert Alumni

Deductions & credits

If you used the RV in your business, such as driving tour groups, using the Standard Mileage rate might make sense, but not when you are renting the RV. Yes, the IRS gives RV's a "depreciatable" life of 5 years. 

If you are not able to take the full loss in a year, the loss is carried-forward until you can. 

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