I purchased an RV in 2018 in which I live full time. I also pay a park rental fee monthly. I purchased the RV outright. Are there deductions i can claim?

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I purchased an RV in 2018 in which I live full time. I also pay a park rental fee monthly. I purchased the RV outright. Are there deductions i can claim?

You can take mortgage interest on your home (RV). You may, however, not have sufficient deductions to itemize. This year, the standard deduction has been increased dramatically.

The standard deductions for 2018 are:

Single $12,000

Married Filing Jointly $24,000

Head of Household $18,000

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I purchased an RV in 2018 in which I live full time. I also pay a park rental fee monthly. I purchased the RV outright. Are there deductions i can claim?

You can take mortgage interest on your home (RV). You may, however, not have sufficient deductions to itemize. This year, the standard deduction has been increased dramatically.

The standard deductions for 2018 are:

Single $12,000

Married Filing Jointly $24,000

Head of Household $18,000

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