I use to be able to enter my rv interest with my mortgage interest and just say I do not have a 1098 my bank does send me a letter of interest paid. there is no way to enter it here without a 1098
If your RV qualifies as a second home, then the interest is be deductible. You would record the interest as if you received a 1098 form. This is because the IRS form is geared to a second 'home', not an RV.
But boats and RV's can qualify as second homes if they meet the second home definition, and interest is entered correctly in the 1098 section to flow to the correct line on your schedule A.
I hope you find this information helpful.
How do I enter the interest rate on my RV without a 1098 form
If you qualify for the mortgage interest deduction, the interest is deducted under the mortgage interest section.
Detailed steps follow.
Please see this.
Along these lines, if you bought the RV in the same year, do you enter the sales tax paid as real estate tax, or? what can be done with the sales tax? California
The sales tax is not real estate tax so it would go on schedule A with the sales tax.
You have the option to use the state tax withheld from your job or the state and local tax you paid this year. You can use an average based on your income and add the sales tax of your big ticket items.
@Anonymous
If your RV qualifies as a 2nd home, you can deduct the mortgage interest without a 1098:
1. With your TurboTax open, choose Deductions & Credits
2. Under Your Home, Choose Mortgage Interest and Refinancing (Form 1098) (Choose this even if you don't have a 1098)
3. Answer Yes to Did you pay any home loans in 2019
4. On the next screen, enter your Lender's name
5. Choose "The Seller is financing this loan and we didn't receive a 1098" then continue through the prompts and questions for this section. (You will need to enter the lenders EIN or social security number, as well as some other information to continue)
Here is a TurboTax Help article regarding the qualifications for your RV to qualify as a 2nd home: RV as a 2nd home