Deductions & credits

Yes, per the IRS, a motorhome or a boat will be considered a qualified residence if it is one of the two residences chosen by the taxpayer to deduct mortgage interest. A qualified residence must include a sleeping space, a toilet, and cooking facilities.

In addition, the loan must be secured by the vehicle.

To report mortgage interest in TurboTax Online

  • Click My Account (Top right of your screen).

  • Select Tools.

  • In the pop up window, select Topic Search.

  • In the search bar, type in mortgage interest

  • Highlight it and select GO, and follow the prompts.

    To deduct personal property taxes enter the same words in the search bar.