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Unfortunately, there is no tax deduction or credit for being homeless.
Per the IRS, a motorhome or a boat will be considered a qualified residence if it is one of the two residences chosen by the taxpayer to deduct mortgage interest. A qualified residence must include a sleeping space, a toilet, and cooking facilities.
In addition, the loan must be secured by the vehicle.
To report mortgage interest in TurboTax Online
· Type mortgage interest in the search box, top right of your screen, then click the
magnifying glass
· Click the jump to mortgage interest link in the search results
· Follow to prompts and online instructions
· To deduct personal property taxes enter the same words in the search bar per the above
instructions
To benefit from the above, you must itemize your deductions.
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