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Deductions & credits
If the RV loan is secured by the RV, you can deduct the interest, even if you did not receive a 1098.
If the RV loan is unsecured or is secured by some other property, even including your main home, the interest is not a deductible.
If the RV was financed by the mortgage on your main home, it counts as equity debt and you can’t deduct that portion of the interest from your primary mortgage either.
January 28, 2022
2:35 PM