RV as a second home

[DawnC]

What do you need to know?  You're allowed to deduct the interest on a loan secured by your main home (where you ordinarily live most of the time) and a second home.

A mobile home, RV, house trailer, or houseboat that has sleeping, cooking, and toilet facilities counts as a main or second home, and as long as it meets all the other requirements for deducting mortgage interest, you can claim the interest like an immovable home.

[Mike9241]

for an RV to be classified as a second home it must have sleeping, cooking, and toilet facilities.

 However, if your camper is towable, and not self-propelled, it does not qualify for tax breaks.

1. Sleeping Facilities: Your RV must have a separate sleeping compartment. Common areas like couches or benches for sleeping do not qualify. However, if your RV has a small room with a bed or a loft sleeping compartment, it satisfies the “sleeping facility” criterion.

2. Cooking Facilities: The RV should have a functional kitchen area. This typically includes a stove, oven, microwave, or other cooking appliances. Having a designated cooking space ensures that your RV meets this requirement.

3. Toilet Facilities: Your RV’s bathroom must have a fully-functional toilet and sink. Additionally, there should be a station for showering. An enclosed shower or a detachable shower head is acceptable. While luxurious features like a jacuzzi are not necessary, having basic bathroom amenities is essential.