If I don't have a business can I deduct finance charges on my tractor if I use it on my garden? Can I deduct interest paid on my RV?

pilgrimheather — Mon, 03 Jun 2019 19:11:14 GMT

You can deduct interest paid on your RV as a second home....

Phillip1 — Mon, 03 Jun 2019 19:11:15 GMT

You can deduct interest paid on your RV as a second home. Unfortunately, you cannot deduct interest on a garden tractor unless the tractor is a business asset.

Both your main and/or second home can be a mobile home, house trailer, recreational vehicle, or houseboat that has sleeping, cooking and toilet facilities.

topic If I don't have a business can I deduct finance charges on my tractor if I use it on my garden? Can I deduct interest paid on my RV? in Deductions & credits

If I don't have a business can I deduct finance charges on my tractor if I use it on my garden? Can I deduct interest paid on my RV?

You can deduct interest paid on your RV as a second home....