DawnC
Expert Alumni

Deductions & credits

No.  You're allowed to deduct the interest on a loan secured by your main home (where you ordinarily live most of the time) and a second home.

 

A mobile home, RV, house trailer, or houseboat that has sleeping, cooking, and toilet facilities counts as a main or second home, and as long as it meets all the other requirements for deducting mortgage interest, you can claim the interest like an immovable home.   However, storage expenses are personal expenses and are not deductible on your personal tax return.  @Mwelby052

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