You'll need to sign in or create an account to connect with an expert.
Yes, a motorhome is considered a second home and the interest paid can be used as mortgage interest if you itemize your deductions, assuming your main home does not go over the threshold.
You will have to prorate the amount of deductible mortgage interest that represents the motorhome if there are loan proceeds used for other purposes.
The most common deductions are medical expense that is above 7.5% of your income, mortgage interest, property taxes and donations. The standard deductions are printed for you below for comparison.
For single taxpayers and married individuals filing separately, the Standard Deduction is $13,850 in 2023.
For married couples filing jointly is $27,700, and
For heads of households, the Standard Deduction is $20,800
If you're at least 65 years old or blind, you can claim an additional deduction in 2023 of:
If you're both 65 and blind, the additional deduction amount is doubled.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
jetlife2
Level 2
flyingcapybara
New Member
userb650c8e1
New Member
eurostar
New Member
austin-venwerx-c
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.