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That is the same as owning a house, as long as you reside in it and use it for personal reasons.
This, from IRS Publication 936:
For you to take a home mortgage interest deduction, your debt must be secured by a qualified home. This means your main home or your second home. A home includes a house, condominium, cooperative, mobile home, house trailer, boat, or similar property that has sleeping, cooking, and toilet facilities.
That is the same as owning a house, as long as you reside in it and use it for personal reasons.
This, from IRS Publication 936:
For you to take a home mortgage interest deduction, your debt must be secured by a qualified home. This means your main home or your second home. A home includes a house, condominium, cooperative, mobile home, house trailer, boat, or similar property that has sleeping, cooking, and toilet facilities.
Under what section would I enter this information.
Yes, since owning a mobile home is the same as owning a house, you have the same taxable rights as all homeowners in declaring deductible interest and property taxes.
Log into Turbo Tax
Go to federal>deductions and credits>your home>start
Mortgage Interest and Refinancing (Form 1098)
Note: After entering this information, you may not see a change in your return. This is because the information you entered might not and if these deductions are more than your standard deduction amount, then you will see either a bigger refund or a reduction of taxes due.
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