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slmlym
New Member

How do I claim interest paid on a motorhome, I didn't receive a 1098 just a letter from the bank.

 
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3 Replies
MinhT1
Expert Alumni

How do I claim interest paid on a motorhome, I didn't receive a 1098 just a letter from the bank.

If your motorhome has sleeping, cooking and toilet facilities and is used to secure the loan, it is considered as a second home and you can claim interest paid even if you did not receive a form 1098.

 

Your enter the interest as mortgage interest as if you had received a form 1098.

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ourchieftain
Returning Member

How do I claim interest paid on a motorhome, I didn't receive a 1098 just a letter from the bank.

where do i enter the interest for the motorhome? 

PattiF
Expert Alumni

How do I claim interest paid on a motorhome, I didn't receive a 1098 just a letter from the bank.

If you have a loan for the travel trailer and use it as a second home, you are able to enter the interest that you pay as an itemized deduction.

 

1.  With your TurboTax open, choose Deductions & Credits

2.  Under Your Home, Choose Mortgage Interest and Refinancing (Form 1098)  (Choose this even if you don't have Form 1098)

3.  Answer Yes to Did you pay any home loans in 2021

4.  On the next screen, enter your Lender's name

5.  Choose "The Seller is financing this loan and we didn't receive a 1098" then continue through the prompts and questions for this section.  (You will need to enter the lenders EIN or social security number, as well as some other information to continue)

 

@ourchieftain

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