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|Re: RV Tax Deduction by ShaRon Conway|
|I posted a comment about being audited for our motorhome interest deductions. I completely forgot to post the results of the audit.
We got a letter from our credit union that stated that the motorhome was the collateral for the loan. That was important because we would not have been able to claim the interest had we gotten a signature loan or any other loan that did not use the motorhome as collateral. For example, if we had a deep pockets credit card and charged the motorhome. We would not have been able to claim the interest.
Hope this helps someone...