We have an RV loan that qualifies for a mortgage interest deduction. However, no 1099 form will be issued. Where do we inter the interest for this loan?
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We have an RV loan that qualifies for a mortgage interest deduction. However, no 1099 form will be issued. Where do we inter the interest for this loan?

 
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New Member

We have an RV loan that qualifies for a mortgage interest deduction. However, no 1099 form will be issued. Where do we inter the interest for this loan?

Yes, it may be claimed, if the property have all three features:

  • sleeping
  • cooking and
  • toilet facilities

The benefit of treating a boat or RV as your primary residence or your second home, is to take allowable homeowner tax deductions that can decrease your overall tax bill. As long as the boat or RV is security for the loan used to buy it, you can deduct mortgage interest paid on that loan.

For more information, please see this link:https://turbotax.intuit.com/tax-tools/tax-tips/Home-Ownership/Can-You-Claim-a-Boat-or-RV-as-a-Primar...

If it applies, please do the following within TurboTax:

  • Federal Taxes
  • Deductions & Credits
  • Your Home (section), Show more
  • Mortgage Interest, Refinancing, and Insurance, click Start


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