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New Member
posted Jun 4, 2019 7:59:19 PM

We purchased an RV to live in full time. We are making payments with interest. Is that interest deductible?

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1 Replies
Intuit Alumni
Jun 4, 2019 7:59:21 PM

Yes, it can be. You can use the information on the loan documents in place of a 1098 to enter the interest paid. 

According to the IRS:

"For you to take a home mortgage interest deduction, your debt must be secured by a qualified home. This means your main home or your second home. A home includes a house, condominium, cooperative, mobile home, house trailer, boat, or similar property that has sleeping, cooking, and toilet facilities."

https://www.irs.gov/publications/p936#en_US_2018_publink1000229901