Yes. You can claim various deductions related to a motor house as a second home as long as
your RV has sleeping, cooking and toilet facilities.
You can claim some of your RV expenses if you
itemize.
You
will be able to claim any interest on a loan payment as the interest on a
second home and the personal property taxes paid on your RV as property taxes
on a second home. Please note that you will only get the benefit of these
deduction if you itemize on your return and if all your itemized deductions are
more than your standard deduction.
You can put this interest expense under your home
section because the IRS considers this a second home for tax purposes.
To enter your RV Interest in TurboTax
Online (for TurboTax
Online sign-in, click Here , then select "Take Me to My Return") or Desktop, please follow these steps:
- Once
you are in your tax return, click on the “Federal Taxes” tab
("Personal" tab in TurboTax Home & Business)
- Next click on “Deductions and
credits”
- Next click on "jump to
full list" or “I’ll choose what I work on”
- Scroll down the screen until
to come to the section “Your Home”
- Choose "show more",
then Mortgage Interest and Refinancing and follow the onscreen
instructions
You would only get to deduct any taxes that the state
charged you based on the value of your mobile home. These taxes goes
under the personal property tax section:
To
enter your RV property taxes in TurboTax Online or Desktop, please follow
these steps:
- Once
you are in your tax return, click on the “Federal Taxes” tab
("Personal" tab in TurboTax Home & Business)
- Next click on “Deductions and
credits”
- Next click on "jump to
full list" or “I’ll choose what I work on”
- Scroll down the screen until
to come to the section “Cars and Other Things You Own”
- Choose "show more",
then Personal Property Taxes and follow the onscreen instructions
Additionally, if you paid sales tax on this purchase
and are taking a state sales tax deduction (as opposed to taking a state income
tax deduction) on Schedule A, you can add these sales tax a the tax on a major
purchase.
To
enter your sales taxes in TurboTax Online or Desktop, please follow these
steps:
- Once
you are in your tax return, click on the “Federal Taxes” tab
("Personal" tab in TurboTax Home & Business)
- Next click on “Deductions
& Credits”
- Next click on "jump to
full list" or “I’ll choose what I work on”
- Scroll down the screen until
to come to the section “Estimates and Other Taxes Paid ”
- Choose "show more",
then Sales Tax (start/update/revisit)
- Choose - continue to sales
tax and choose "Easy Guide
- On the screen that says Major
Purchase - select "yes" enter your RV sales information here
