Is interest on a RV loan (2nd home, yes sleeping, toilet and kitchen) deductible if it is not secured?
Is interest on a RV loan (2nd home, yes sleeping, toilet and kitchen) deductible if it is not secured? When I toggle no, then it is not deductible; why?
No, it's not deductible. The reason it's not deductible is that the tax law says that home mortgage interest is only deductible if the loan is secured by the home.
