turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

pennpals4
New Member

Can I get a tax break for a travel trailer that is on a permanent site?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
GeoffreyG
New Member

Can I get a tax break for a travel trailer that is on a permanent site?

Possibly.

The two potential tax breaks that you could receive for such a situation are the following.

First, if you operate a business, or are self-employed, then if the travel trailer is a necessary part of your work activities, it could be capitalized and depreciated as a necessary business expense (think here of something like a travel trailer used as job site shack for a long-term construction project).

Second, if you took out a loan for this trailer, you might be able to claim a mortgage interest deduction.  This is discussed in much more detail on another TurboTax question thread here:  (note that if cannot see the full page, click the "see entire answer" button to expand it).

https://ttlc.intuit.com/replies/3798454


Thanks for asking this question, and good luck to you.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies