I financed an RV this year. However, I don't own my home. Can I deduct the interest on my taxes?

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2007-10-04 11:18:24 · 3 answers · asked by Humbird 1 in Business & Finance ➔ Taxes ➔ United States

If the RV has a kitchen, toilet, and beds you could take a deduction for the interest if you itemize. It may not be advantageous to do so.

2007-10-04 11:29:04 · answer #1 · answered by ? 6 · 2⤊ 0⤋

No you can't deduct the interest on your personal RV unless it IS your home, then you might be able to.

2007-10-04 18:27:27 · answer #2 · answered by Judy 7 · 0⤊ 2⤋

Unless your state gives refunds on vehicle loans I would think the only thing deductable would be the registration fee.

2007-10-04 18:23:03 · answer #3 · answered by Anonymous · 1⤊ 3⤋