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missyd1872
New Member

Can I claim my RV on my taxes? We sold our home and are currently living in our RV.

 
3 Replies
RayW7
Expert Alumni

Can I claim my RV on my taxes? We sold our home and are currently living in our RV.

For federal tax purposes, a boat or a recreational vehicle can be either your main or secondary residence, entitling you to take advantage of the same tax deductions as a homeowner of a typical house.

 

The Internal Revenue Service (IRS) defines a home broadly, allowing the term to encompass:

  • Houses
  • Condominiums
  • Cooperatives
  • Mobile Homes
  • RVs
  • House Trailers
  • Boats

The test the IRS applies is simply that the property must have all three:

  • sleeping
  • cooking and
  • toilet facilities

If so, it can be treated as a primary or secondary residence for tax purposes.

Rambler7
New Member

Can I claim my RV on my taxes? We sold our home and are currently living in our RV.

How do I claim on turbotax , not sure of which section.

trying to offset some of my capital gain from selling home

DianeW777
Employee Tax Expert

Can I claim my RV on my taxes? We sold our home and are currently living in our RV.

You can claim any mortgage interest if you have a loan on your RV if it fits the description of your home.as described by our Tax Expert @RayW7.  This would be an itemized deduction if you can use that instead of the standard deduction. 

 

If you pay any personal property taxes on your RV you can include those as well. See the entry steps below.

 

Below are the standard deduction amounts.

  • The standard deduction for married couples filing jointly for tax year 2021 rises to $25,100, up $300 from the prior year.
  • For single taxpayers and married individuals filing separately, the standard deduction rises to $12,550 for 2021, up $150, and
  • For heads of households, the standard deduction will be $18,800 for tax year 2021, up $150. 

Taxpayers who are at least 65 years old or blind can claim an additional 2021 standard deduction of $1,350 ($1,700 if using the single or head of household filing status). For anyone who is both 65 and blind, the additional deduction amount is double.  You're considered to be 65 on the day before your 65th birthday.  

 

All of your input needs to be entered in the Federal section of the return. 

  1. Go to the Federal section in the left panel 
  2. Select Deductions & Credits 
  3. Go to All tax breaks, select Your Home  
  4. Select Mortgage Interest (enter as though you had a Form 1098)
  5. Select Start to enter your information.

For the personal property taxes, you will follow the same procedure as above, but instead of Your Home, you will select Cars and Other Things You Own.  

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