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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 Tami Ambler 3-9-09  
I have a motorhome as my second residence. I bought a piece of property that I will use to take my motorhome to and that land will be my back yard. There is a loan on that land. I know the loan on my motorhome is deductible as second home on my Schedule A but is the 1098 from the land also deductible as second home on my Schedule A? The land is secured by my principle residence.
Thank you.
Re: RV Tax Deduction Tommy bean 7-23-13  
I work out of town a lot and am not at home sometimes over a year. My R.V. was in storage area and started leaking around the roof while i was gone. I use it sometime at job site's. It it bad shape now can i claim it as a loss on my tax's
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 Erik Kiehle 5-16-09  
FYI for Oregon. There is no Sales Tax in Oregon, and Oregon DMV fees are by the foot (but our fees are biennial, so split in 1/2 for annual cost). Just bought our first coach, at '93 Monaco 34' Dynasty to live in this summer. Paid $366, which was $60 one-time plate fee and $306 for 34'. So really paying $153/year for ongoing registration.

Oregon does require you to prove residency, and they have a 9% Income Tax. Just thought I'd throw this in for state registration fee discussion.
Re: RV Tax Deduction ShaRon E Conway 11-26-08  
I will be able to let you know in just about 30 days if the IRS allows interest deductions for a motorhome. We just received a notice of inquiry about the interest we claimed on our income taxes for 2007. The interest was very high ($19000) because we have a home and the motorhome and claimed taxes for both for the first 8 months of 2007. In September 2007, we consolidated the motorhome and home mortgage and claimed that interest for the remainder of 2007. So, on Friday, we will mail the requested information to IRS and wait with baited breath for their reply. We will let you know what happens!!! Happy Thanksgiving!
Re: RV Tax Deduction Janet 6-26-09  
I currently rent and do not own a home. I'm looking into buying an RV, either towable or class A. With the incentive out there to get people to buy homes, does anyone know if an RV would qualify for the tax incentive?
Re: RV Tax Deduction Karen High 1-16-10  
Will a class A coach qualify as a second home for the tax credit offered to second time home buyers? And would tou qualify if you actually lived in it, say, 6 month of the year as your main home?
Re: RV Tax Deduction ROBERT 7-29-09  
I am currently looking at buying a class C motor home. This will be my first total venture into the RV life style. I am a member of a federal credit union that does not do RV loans in particular, however; they will give me 100% finance for a auto loan up to $50,000 at 5% interest rate. My question is will a auto loan void my mortgage tax interest deduction for a motor home that will be concidered a second home

Thanks in advance
Re: RV Tax Deduction Janet 6-26-09  
I do not own a home, I rent. I'm looking into buying an RV, not sure yet towable or class A, but definetly fully contained. Does anybody know if an rv would qualify for the $8,0000 tax incentive to buy a home.
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 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 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 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 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 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 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 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 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 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 GramaTuesday 1-26-10  
I have been unemployed and living in my RV, (Sept 3, 2009 till present). I received 1098 form from the bank where I have loan on RV. I don't own another home, just my RV that I'm living in. Does the interest I paid last year qualify me to use this figure on my taxes and if it does, what form do I use? I live in Washington state.
Re: RV Tax Deduction ShaRon E Conway 12-2-08  
An RV with full facilities can qualify as a "dwelling unit" under the IRS code section 280A(f)(1). The U.S. tax court case of Haberkorn v. Commissioner. 75 T.C. 259 (Nov. 12, 1980 filed) gives further guidance on the tax deductibility of RVs.

In addition, IRS 2007 Publication 936 page 2 explains qualifications for deductibility, as well.

Wish me luck! We are on our way to finalize our "evidence" to IRS in reference to their "letter of inquiry" as to the validity of the interest we claimed in 2007.
Re: RV Tax Deduction Roy Myers 1-24-11  
I live in a fifth wheel full time. Can I deduct taxes and interest from my taxes and any other tax info you may have. I own no other home. I am financing the fifth wheel.
Re: RV Tax Deduction pat yancey 12-31-10  
We own a 36 ft rv,its paid for can we deduct it as a second home we live in it 4 to 6 months out of the year
Re: RV Tax Deduction pat yancey 12-31-10  
We have a 36ft motor home,we live in 4months out of the year,its paid for can we deduct it as a second home?
Re: RV Tax Deduction Brittany 12-2-10  
If anyone has answers to these questions could you please title your post "ANSWER"- so that we aren't just looking at endless questions.

I live in an RV full time. I have a spot at an RV Park and it is stationary 100% of the time- does this qualify for the home owner tax credit?
Re: RV Tax Deduction bill 8-4-11  
If you own a home and want to buy a motorhome you should create an equity line against your house/pay cash for the motorhome and make payment's on the equity line in which the equity line interest is deductable because it is against your house.
After all is payed off and you choose to sell the house you can then travel full time with zero payment on the RV.
Rent the house till then and let the renter pay for it all.
96 Rialta-in loveland ohio
Re: RV Tax Deduction Diane 4-9-12  
What are the eligible tax deductions for motorhomes?
Re: RV Tax Deduction jeremy 2-2-13  
LMAO,

I think i just killed brain cells reading all these questions without a legitimate answer, lol but people keep asking like they expect an answer.

Whats the definition of insanity again?????

Good luck to you all
Re: RV Tax Deduction Maria 1-30-13  
My daughter has land and wanted to start up an rv park with 2 or 3 rvs. Wanted to know if doing this she has to report or not to IRS for the income she received thru the year for taxes? What happens if not reported?
Re: RV Tax Deduction Bill F 2-6-10  
I rent my primary home but have a 5th wheel that we leave at a campground as a summer home can we deduct the the cost of the camp site & interest of the loan on the rv
Can i write off the purchase of a camper jeffery stoppelmnn 11-9-10  
I bought a camper for a home instead of driving 120 mile each way can i write off the price i live in mo but the camper is in ill by the ill office
we have a office in mo and one in carbon dale i live in a house in mo but i was paying for a hotel each week and coming home on weekendends can i write it off one time for his year
Re: RV Tax Deduction Jan 12-31-12  
I have a home in Mo.,my husband live's in it 90%. I live in a fifth wheel in Mississippi for my job. Is my interest on the camper and the lot rent deductable?
Re: RV Tax Deduction Lisa 2-22-10  
I purchased a 37 ft fifth wheel to live in full time. Does this qualify for the $8000 tax credit? If so what address do I give if I travel from place to place for months at a time. My main mailing address is my daughters house and a P.O. Box.
Thank you so much for your assistance.

Lia
Re: RV Tax Deduction Diana 2-17-10  
We have a fully self contained travel trailer that we park on a lake lot and use every weekend April thru October and sometimes extra days during the weekend. Can we deduct the lot rental and utilities on our income taxes
Re: RV Tax Deduction Ken Koshar 7-13-10  
Can I deduct what I pay per month if I store or Park my RV... Because I don't have the space to park it at home???
Re: RV Tax Deduction Diana 2-17-10  
Betty Blair did you ever get an answer to your question. I have the same question.
Re: RV Tax Deduction JEFF 3-12-10  
Not only can an RV be a second home or "vacation home" and all related expenses be deducted as such, it can be a business expense that can be deducted thru various depreciation methods including section 179. If an RV were used as a legitimate mobile office it could be deducted by the business as a depreciable asset.
Re: RV Tax Deduction Courtney 3-14-10  
I'm looking to purchase an (RV)POP up or hybrid travel trailer/pop up. Both have toliet and shower inside. doesn't this quailify as a second HM. Also I was thinking of starting a rental company. Please give me some input.

Thanks
Courtney
Re: RV Tax Deduction Ray Powell 4-16-10  
Just a thought for all of those fultimers that are deducting a portion of their RV as a business expense. There are additional calculations that take place at the time you sell the RV. Check with your CPA but I had a office in my home and when I sold the home those deductions ended up having an impact on the bottom line gain on the sale and I had additional capital gains that I would have had to pay if the net gain on the house had gone over a set amount. Most of the time I don't think RV's will fall into that category, but it is something to think about.
Re: RV Tax Deduction Pastor R Badenhorst 3-18-10  
Dear Sir,

We are a non-profit organization and need a motor-home for our
ministry outreach. We can also furnish a tax write off to a
organization who would like to donate one for our work in ministry

Thank you for your kind consideration

Pastor Rocco 309 826 5057
Integrity-Ministries
Re: RV Tax Deduction Deb 7-7-10  
What are the limitations for writing off a travel trailer used as being a second home and/or if its being used for working away from home instead of staying in hotels etc.
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 Bette Blair 2-8-09  
We purchased a travel trailer this year that we use as a second home at a private lake. We spend almost every weekend for 6 months of the year at the trailer as well as many additional days during the week during that time. Our trailer is self contained, that is, it has a full kitchen, sleeping quarters and a full bathroom that includes a toilet and shower. Can this be considered a second home by the IRS and can we take the tax we paid as well as the interest we have paid in 2008 off our taxes?
Thank you.
Bette Blair
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 Les Skulski 11-10-09  
Sounds like you need to get far away from these boobs that call themselves tax people. If you can eat sleep and poop in it, the mortgage interest is tax deductable. I have had different tax people in different states and all have done this deduction without question.
Re: RV Tax Deduction Joanie Babel 8-12-08  
Did you ever get an answer to your question?...interested.
Re: RV Tax Deduction Peggy 4-16-10  
My husband is a construction worker and lives in our 5th wheel trailor while he is traveling to different work sites. Can we write off the depration value on our taxes.
Re: RV Tax Deduction Janet 10-15-08  
Did you ever get an answer to your question? We are looking to do the same and would love to know. Thank you.
Janet
Re: RV Tax Deduction ShaRon Conway 5-21-09  
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...
Re: RV Tax Deduction Patti Vaughn 8-26-09  
My previous questions was: I want to know if I can use my RV as a 2nd home on tax deductions. I own my home so do not have any interst to deduct on it. My CPA would not let me use it last year saying I had to use the RV 6 months out of the year before I could claim it. I think that is wrong. I cant find anywhere online that says that. Also thinking about buying a RV lot in Galveston,TX to use - can the interest on the loan also be tax deductible. I need to know what I have to do on my tax form to claim any or all of the interest. Is it possible to go back and revise last years taxes if my RV qualifies for 2nd home. Thanks.
Re: RV Tax Deduction Roger 2-5-10  
Does my class A motorhome qualify as a second home and the interest on the mortgage beintg deductible.
Re: RV Tax Deduction Liz Smith 11-10-09  
Les, I couldn't agree more.
But what about the new tax creit of $6,500? Bottom line..Does a Motor home
qualify for this if totaly used for a primary residence?
If I rent my home and live full time in a fifty wheel is the interest and taxes deductible Charlett 3-3-12  
Would like to know if the interest I paid on a fifth wheel is tax deductible. Also we just bought it in 2011 and is the taxes deductible? We live in this 5th wheel full time and rent out our home.
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