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spfleghaar
New Member

Is interest on a RV loan (2nd home, yes sleeping, toilet and kitchen) deductible if it is not secured?

Is interest on a RV loan (2nd home, yes sleeping, toilet and kitchen) deductible if it is not secured? When I toggle no, then it is not deductible; why?

1 Reply
rjs
Level 15
Level 15

Is interest on a RV loan (2nd home, yes sleeping, toilet and kitchen) deductible if it is not secured?

No, it's not deductible. The reason it's not deductible is that the tax law says that home mortgage interest is only deductible if the loan is secured by the home.

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