Solved: Where do I enter the interest paid on my rv
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grammyshot
New Member

Where do I enter the interest paid on my rv

 
1 Best answer

Accepted Solutions
LinaJ2018
Intuit Alumni

Where do I enter the interest paid on my rv

If your RV is considered as your main or second home ( including kitchen and toilet), you can deduct the mortgage interest paid :

 

In TurboTax online,

  • After sign-in and select Pick up where you left off
  • At the right upper corner, in the search box, type in 1098and Enter 
  • Select the 1st choice on the search results - Jump to 1098 and follow the prompts to enter the amount. 

View solution in original post

5 Replies
LinaJ2018
Intuit Alumni

Where do I enter the interest paid on my rv

If your RV is considered as your main or second home ( including kitchen and toilet), you can deduct the mortgage interest paid :

 

In TurboTax online,

  • After sign-in and select Pick up where you left off
  • At the right upper corner, in the search box, type in 1098and Enter 
  • Select the 1st choice on the search results - Jump to 1098 and follow the prompts to enter the amount. 

View solution in original post

userdj9281
Level 2

Where do I enter the interest paid on my rv

I tried that, but turbo tax says a 1098 form is required to enter information in this area. We do not get 1098 forms for RV interest.

npierson7
Level 1

Where do I enter the interest paid on my rv

If you don't have Form 1098, you cannot include the interest in your itemized deduction. You might consider use standard deduction instead. 

imahrda2
New Member

Where do I enter the interest paid on my rv

That does not work because there is no 1098.  We need a different answer to this question

pattif12
Expert Alumni

Where do I enter the interest paid on my rv

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)

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