2007-04-28 14:18:30 · 8 answers · asked by Mam 1 in Business & Finance ➔ Taxes ➔ United States
That would depend on what you mean by a "camper trailer". If it has a bathroom, kitchen, and sleeping quarters as in a motor-home I believe you can and I have done so for several years. You would need to make the "second home" pitch if questioned by the IRS.
2007-04-28 15:12:37 · answer #1 · answered by ? 6 · 3⤊ 0⤋
If it has cooking, toilet, and sleeping facilities it is considered a second home and you CAN deduct the interest on the note as long as the note is secured by the camper or trailer. Same for a boat or motorhome!
Ignore the self-proclaimed accountant. He or she must not specialize in taxes.
2007-04-29 00:42:59 · answer #2 · answered by Bostonian In MO 7 · 1⤊ 0⤋
If it has bathroom and kitchen facilities, and you don't already have a second (vacation) home, you could claim the camper trailer as a second home and take a deduction, if you itemize, for interest.
2007-04-29 00:44:23 · answer #3 · answered by Judy 7 · 1⤊ 0⤋
If it is fully self contained, it qualifies as a second home and the interest is deductible as mortgage interest.
2007-04-30 17:00:35 · answer #4 · answered by Amy F 3 · 0⤊ 0⤋
Yes as a second home
2007-04-28 23:35:30 · answer #5 · answered by Charles M 1 · 1⤊ 0⤋
if there is a bathroom in it yes you can
2007-04-28 21:26:02 · answer #6 · answered by native 6 · 1⤊ 1⤋
No you cannot, the only way it will help is if you donate the thing. I'm an accountant if it matters.
2007-04-28 21:27:52 · answer #7 · answered by lycanthrp 2 · 1⤊ 6⤋
no and no
2007-04-28 21:21:22 · answer #8 · answered by mctruck 3 · 0⤊ 5⤋