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tlmorris94
New Member

I have a 48 ft rv that is our place of perm at residence ... it is owner Finaced .. can I deduct that

 
1 Reply
MayaD
Expert Alumni

I have a 48 ft rv that is our place of perm at residence ... it is owner Finaced .. can I deduct that

Yes, interest on your RV motor home qualifies as mortgage interest and you can deduct it if you are itemizing your deductions.

To itemize, the total of you deduction (Property tax, mortgage interest, charitable contribution etc..) must exceed the standard deduction.

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