Can I get a tax break for a travel trailer that is on a permanent site?

pennpals4 — Sat, 01 Jun 2019 02:29:13 GMT

Possibly. The two potential tax breaks that you could rec...

GeoffreyG — Sat, 01 Jun 2019 02:29:15 GMT

Possibly.

The two potential tax breaks that you could receive for such a situation are the following.

First, if you operate a business, or are self-employed, then if the travel trailer is a necessary part of your work activities, it could be capitalized and depreciated as a necessary business expense (think here of something like a travel trailer used as job site shack for a long-term construction project).

Second, if you took out a loan for this trailer, you might be able to claim a mortgage interest deduction. This is discussed in much more detail on another TurboTax question thread here: (note that if cannot see the full page, click the "see entire answer" button to expand it).

https://ttlc.intuit.com/replies/3798454

Thanks for asking this question, and good luck to you.

topic Can I get a tax break for a travel trailer that is on a permanent site? in Deductions & credits

Can I get a tax break for a travel trailer that is on a permanent site?

Possibly. The two potential tax breaks that you could rec...