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Level 1

5th Wheel Deduction

I have a 2014 5th Wheel RV which I've used as a deduction since I bought it new I was told the new tax law changed the definition of Rv's eligible for deduction to motorized only. Is this true? Since I've been using the RV as a deduction can I continue? I was also told that the RV industry is trying to get the definition changed, is that also true?
2 Replies
Level 15

5th Wheel Deduction

Deduction for what? Business use of some kind? Are you renting it out maybe? Overall I'm pretty sure I can't help here. But without more details on "why" you were able to deduct it in the past, it's anybody's guess for the future.

Level 1

5th Wheel Deduction

You are allowed to deduct the interest paid on an RV as a second home.

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