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New Member
posted Aug 28, 2022 2:51:33 PM

Do I not get to deduct interest paid on my Kubota tractors or on my RV?

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3 Replies
Level 15
Aug 28, 2022 3:18:46 PM

Is either used in your business?

Level 15
Aug 28, 2022 3:30:25 PM

Only if used in a business.  Sorry only mortgage interest and some investment interest is deductible on Schedule A now.  Other interest like credit card and loans went out many many years ago.  Like in the 80s or 90s?  A RV might qualify as mortgage interest. 

Level 15
Aug 28, 2022 4:31:41 PM

if the RV isn't used in business for the interest to be deductible as home mortgage interest it must be a first or second home. if must have a functioning kitchen and bathroom and sleeping quarters. the bathroom must have toilet, sink and bathing facilities. the kitchen must have a stove and fridge. the RV must be security for the mortgage.