Yes, if the assessment tax is based on the value of the RV, then you will be able to deduct this as personal property tax.
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 (as log as the RV has cooking/sleeping/toilet facilities).
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 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
