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Our motorhome will be fully deprciated in 7 years but i wont have it paid off for 20 is this possible?

 
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ChrisV
Intuit Alumni

Our motorhome will be fully deprciated in 7 years but i wont have it paid off for 20 is this possible?

Yes this is possible. The tax depreciation timeframe is not related to the time it takes to pay off the loan associated with an asset.

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ChrisV
Intuit Alumni

Our motorhome will be fully deprciated in 7 years but i wont have it paid off for 20 is this possible?

Yes this is possible. The tax depreciation timeframe is not related to the time it takes to pay off the loan associated with an asset.

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