RV Qualifies for Mortgage Interest Deduction
So you’re ready to retire and want to travel. However you’re not ready to retire but you just like to travel because you don’t enjoy staying in motels. An RV may be what you need to travel around the country.
Not only is it a great way to get around from one place to another but that RV also qualifies as a primary or secondary residence. What exactly does this mean?
It qualifies for mortgage interest deduction as a primary or second residence . At least it does now. Who know what Congress may do in the future? You can never predict what Congress is going to do on anything when it comes to taxes.
If you itemize on Schedule A, you can deduct the interest portion of your RV installment payments.
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