Tax break for rv which is our second home

[mbhuber1996]

I would like to deduct the interest on our rv which can be considered a second home

[Marketstar]

Per the IRS, a motorhome or a boat will be considered a qualified residence if it is one of the two residences chosen by the taxpayer to deduct mortgage interest. A qualified residence must include a sleeping space, a toilet, and cooking facilities.

In addition, the loan must be secured by the vehicle.

To report mortgage interest in TurboTax Online

• Click My Account (Top right of your screen).

• Select Tools.

• In the pop up window, select Topic Search.

• In the search bar, type in mortgage interest

• Highlight it and select GO, and follow the prompts.

To deduct personal property taxes enter the same words in the search bar.