topic What can I deduct for a RV purchased last year when considered second home? Sales tax , interest on loan when loan is like a vehicle type loan not actually a bank mortgage? in Deductions & credits

What can I deduct for a RV purchased last year when considered second home? Sales tax , interest on loan when loan is like a vehicle type loan not actually a bank mortgage?

stan4 — Thu, 06 Jun 2019 09:38:17 GMT

The Sales Tax would be deducted as the Sales Tax or State...

MaryK1 — Thu, 06 Jun 2019 09:38:18 GMT

The Sales Tax would be deducted as the Sales Tax or State and Local Income Tax (entered as a major purchase). The loan is entered in the Home Mortgage Interest section- you will enter the Lender name then on the next screen you must select that "I did not receive a 1098" and proceed with the entry. If you have any specific questions, please add below.

If I select "I did not receive a 1098" as you suggest, TT...

semmons0 — Thu, 06 Jun 2019 09:38:20 GMT

If I select "I did not receive a 1098" as you suggest, TT assumes it's a seller-financed loan and asks me for the seller's SSN or EIN. But it's just a bank loan so I don't have that info. TT will not let me proceed at that point. So frustrating!

Looks like you have to enter as 1098 and fill in Box 2 &...

suzette_kula2 — Thu, 06 Jun 2019 09:38:21 GMT

Looks like you have to enter as 1098 and fill in Box 2 & Box 3 to the best of your ability as well