topic Where do i put the interest paid on my RV? in Deductions & credits

Where do i put the interest paid on my RV?

manderson7079 — Thu, 06 Jun 2019 05:29:38 GMT

If you have a loan on an RV or boat that you use as a hom...

IreneS — Thu, 06 Jun 2019 05:29:40 GMT

If you have a loan on an RV or boat that you use as a home, your lender might not send you a 1098. You can still claim this interest. Just enter the information from your year-end statement.

To enter this information, please follow these steps:

Click on Federal Taxes > Deductions & Credits [In TT Self-Employed: Personal > Deductions & Credits > I'll choose what I work on].
In the Your Home section, start by clicking on the Start/Revisit box next to Mortgage Interest, Refinancing, and Insurance. [See Screenshot #1 below.]
If you have already entered information on a mortgage(s) you will see the Mortgage deduction summary screen. To enter the information on your RV loan click the box Add a lender. [Screenshot #2]

Where do I put the interest I paid on my RV?

lcsimpson35 — Thu, 06 Jun 2019 05:29:41 GMT

Where do I put the interest I paid on my RV?

For Turbo Tax 2017 I do not get an "I did not receive a 1...

GOCYCLONES2 — Thu, 06 Jun 2019 05:29:43 GMT

For Turbo Tax 2017 I do not get an "I did not receive a 1098" option when I try to enter the interest on our motorhome. What the heck is going on??

I have same problem

George5130 — Thu, 06 Jun 2019 05:29:44 GMT

I have same problem

George-Just use the "This is a seller financed loan and I...

GOCYCLONES2 — Thu, 06 Jun 2019 05:29:45 GMT

George-Just use the "This is a seller financed loan and I did not receive a 1098" option. TurboTax Deluxe 2017 will then enter the interest correctly on Schedule A and the 1040. TurboTax's option for entering RV interest into TurboTax Deluxe 2017 has very misleading wording. I read that option as two different requirements: the "loan is seller financed" and also "I do not have a 1098".

In my case and most other people's, the seller is the RV dealership and the financing is totally independent of the seller. The financing is done by a financial institution, a bank, that does not issue 1098's. In TuboTax Deluxe 2015 they had the single "I did not receive a 1098" option that fit the situation, however in the 2016 and 2017 versions they added the incorrect portion of the option, "This is a seller financed loan". Hope this makes sense as the answer to my question to TurboTax did not address my question.