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posted Jun 3, 2019 1:33:57 PM

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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1 Best answer
Intuit Alumni
Jun 3, 2019 1:33:59 PM

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.

1 Replies
Intuit Alumni
Jun 3, 2019 1:33:59 PM

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.