I am thinking about purchasing an RV to park on my property to use as a full-time office to run my business out of. If I do that, can I deduct any of the original cost or the mortgage interest? I live in Missouri.
You'll need to sign in or create an account to connect with an expert.
When the IRS has taken people to court for this, RV vehicle used as a home office has not been allowed by the IRS.
Thanks George! Would the mortgage interest still be deductible? My earlier research seems to indicate it would be.
I have posted the reason the taxpayers didn't qualify in their situation. your situation could be different.
To qualify for a home office deduction, a business owner must use a portion of a dwelling unit regularly and exclusively for business purposes. The tax court found that this couple had failed to prove that there was an identifiable portion of their RV that was used exclusively for business purposes. The area they claimed constituted the home office was the countertop that the husband used as a desk. But the court said that it was simply not believable that "in the cramped quarters of a motor home, an unclosed area like the countertop would somehow be exclusively reserved to business activity." (Dunford v. Comm'r, T.C. Memo 2013-189.)
For the interest to be deductible on schedule A as home mortgage interest the RV must qualify as your primary or secondary residence, To qualify it must contain sleeping quarters, a kitchen, and a fully functioning toilet.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
VAer
Level 4
SelenaP
New Member
karlahettinger
Level 1
Tax_Lego
New Member
karlameyer
Level 1
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.