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RV Tax Deduction

Home > Discussion Forum > RV - Fulltimers

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RV Tax Deduction Tom 10-5-03  
Does a full time RV have Fed. tax deductions on RV as full time home. What about paying state income tax?
Re: RV Tax Deduction Judy Hogan 2-14-05  
We purchased a travel trailer to travel to a job site last summer. We want to trade it in for a 5th wheel and want to use it as temporary living quarters while on a job site. Some of our projects last months, and we would prefer the comfort of our own surroundings. Can we take the 5th wheel as a business deduction?
Re: RV Tax Deduction Karen 7-26-08  
We are looking to trade our,99 Rv in and purchase a new RV, the Sales guy told us to check into a two part tax refund, one in 4 years and the second in 10years, stating we would get the RV for almost nothing. Anyone know anything about this?
Re: RV Tax Deduction lhyzer 4-20-04  
You can deduct the interest that you pay on your motorhome from your Federal Taxes.

As far as state income taxes it depends as to where you have your vehicle registered. As the state of registration is usually considered your home state. According to the way some states look at it.
Re: RV Tax Deduction Dennis Nun 4-20-05  
If I travel and use my RV for business...as a mobile office, carry inventory and travel for appointments using it as transportation, can I deduct the gas, milage, etc. What is the rate per mile that is acceptable for the IRS?

dennis l nun
Re: RV Tax Deduction Greg 8-10-04  
I'm not an accountant, but I don't think you can deduct the interest on the note. I believe you can deduct the depreciation on the vehicle, using a published resource (if there is one for RVs). Talk to your tax preparer, because that could flag an audit.

There are seven states where you can register your vehicle where there is no state income tax: Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming. Two others, New Hampshire and Tennessee, tax only dividend and interest income.
Re: RV Tax Deduction rrk 9-6-04  
As a soon to be full timer RV'er, it is my understanding that you can deduct interest on a loan for an RV. I recently attended the FMCA Full Timers meeting at a FMCA rally in Oregon and the subject came up for discussion. To ensure you can deduct interest charges, there are steps you can and should take. If you are not a FMCA er, join this organization and become a member of the Full Timers. It's all very inexpensive and very worthwhile.
Re: RV Tax Deduction RG 8-20-06  
Here's what the IRS states regarding tax deduction of an RV/Motorhome/etc. that "you choose to treat" as a second home.

----IRS Cut & Paste ---
Qualified Home
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.

The interest you pay on a mortgage on a home other than your main or second home may be deductible if the proceeds of the loan were used for business, investment, or other deductible purposes. Otherwise, it is considered personal interest and is not deductible.

Main home. You can have only one main home at any one time. This is the home where you ordinarily live most of the time.

Second home. A second home is a home that you choose to treat as your second home.

Second home not rented out. If you have a second home that you do not hold out for rent or resale to others at any time during the year, you can treat it as a qualified home. You do not have to use the home during the year.

Second home rented out. If you have a second home and rent it out part of the year, you also must use it as a home during the year for it to be a qualified home. You must use this home more than 14 days or more than 10% of the number of days during the year that the home is rented at a fair rental, whichever is longer. If you do not use the home long enough, it is considered rental property and not a second home. For information on residential rental property, see Publication 527.

More than one second home. If you have more than one second home, you can treat only one as the qualified second home during any year. However, you can change the home you treat as a second home during the year in the following situations.
If you get a new home during the year, you can choose to treat the new home as your second home as of the day you buy it.

If your main home no longer qualifies as your main home, you can choose to treat it as your second home as of the day you stop using it as your main home.

If your second home is sold during the year or becomes your main home, you can choose a new second home as of the day you sell the old one or begin using it as your main home.

---- END of Cut & Paste ----
Hope that answers your questions.

RG
Re: RV Tax Deduction mark brown 4-4-08  
We live and work on a construction site all over the usa. we have a home in texas as primary residence. my wife was taking the deduction on the interest of the loan. but a cpa i hired redid all that and got a bigger deduction taking the rv as a business expense.

mark
Re: RV Tax Deduction Ed Tibra 10-6-07  
In addition to a full time job, I spend part of my time testing bicycles under various field conditions and writing
a "consumers Report" style blog. The task requires travelling to remote test grounds, overnight stays and lugging bikes and tools. The revenue is minimal but is strating to pick up.
A truck camper RV will be perfect for my requirements. Will I be able to deduct full purchase price and upkeep from my taxes?.
Re: RV Tax Deduction Hayden DeLand 6-23-08  
I'm in the U.S. Army and we own a 2003 WindSport Class A RV. We have been to the Army Tax office and to Jackson Hewitt and they both have NEVER let us claim it on our taxes saying it didn't qualify. We paid almost $120,000 for this thing and still owe about $95,000 on it with a 20 year morgage on it. Can some one please tell me if we can claim it or not?? Every year the interest goes down but it's still about over $6000 per year on it. Supposedly you must be paying over $9000 in interest or something stupid like that. HELP please. H-
Re: RV Tax Deduction Bill 10-26-06  
Greg gave us the seven states with no state income tax. But annual registration is also an issue. With most western states charging by the value, registration usually starts out around $2000 per year.
For full timers, it looks like we would choose a state with low or no state income tax AND low annual license costs.
I had a chart a couple years ago that had all this info, but I have misplaced it. Can anyone help me find this data published somewhere?
Re: RV Tax Deduction gary 6-17-05  
I live in Kansas and just bought a $110,000 coach. I really dont want to pay $8000 in sales tax. Can anybody enlighten me about titling the vehicle in montana or North Dakota? thanks
Re: RV Tax Deduction mel 9-19-04  
You can deduct the interest on your motorhome if it is listed as your second home.
Re: RV Tax Deduction Tom Lindsay 1-28-06  
I'm a Wyoming (excise and other) tax auditor (Department of Audit). Montana has no sales tax but their personal and real property taxes may leave you looking for an alternative oxygen source. I was just looking for advice on the purchase of a 5th Wheel and saw your message. We find alot of folks (from a taxability perspective) trying to do what you're trying to do. I'd sure be looking for a legitimate way to reduce my sales/use tax liability too. It is an often discussed (sometimes heatedly) issue in many forums. Good luck to you.
Re: RV Tax Deduction shelley 7-13-07  
I own the home I live in and I also own three homes that are rental property. My question is, can I still deduct the interest on an RV?
Re: RV Tax Deduction mary 1-9-08  
We purchased a class-a motorhome and took a loan. after about 2 months we paid the loan off. in doing so we took the money from a money market. now we owe the irs $22,000 for paying off the loan. is there anyway that a part or all of this can be deducted as a second home??? or do you have any suggestions of any other possibilities?
Re: RV Tax Deduction Joanie Babel 8-12-08  
Did you ever get an answer to your question?...interested.
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