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

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

SNK63
New Member

I purchased a Class C RV / Motor home for rental service. Do I list the Asset as a tool, machinery, etc and choose trailer or do I list it as a vehicle somewhere else?

 
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
PaulaM
Expert Alumni

I purchased a Class C RV / Motor home for rental service. Do I list the Asset as a tool, machinery, etc and choose trailer or do I list it as a vehicle somewhere else?

The Trailers category would be five year depreciation, so list it there.  Report income/expenses on Schedule E if you rent out and don't provide services. Report on Schedule C if you do provide services. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies