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stylee121
New Member

Can I get a bigger refund for being homeless and buying my RV I've been staying in

 
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Can I get a bigger refund for being homeless and buying my RV I've been staying in

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.

See https://ttlc.intuit.com/questions/1900916-is-mortgage-interest-paid-on-an-rv-or-mobile-home-tax-dedu...

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