Skip to main content
MGC94
Level 7
May 3, 2022
Question

RV 2nd home

  • May 3, 2022
  • 2 replies
  • 14 views

What can you write off for RV 2nd home? Int paid or only 1098 int on a line of credit against the main house? Lot rent? Property taxes? 

This topic has been closed for replies.

2 replies

Just-Lisa-Now-
Intuit Community Champion
May 3, 2022
Interest and property taxes, just like any other residence.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
dascpa
Level 11
May 3, 2022

Looks like taxpayer took out a home equity LOC on their principal residence to purchase this "2nd home".  Dot your I's and cross your T's to make sure this is qualified mortgage interest.

Level 15
May 3, 2022

If the loan was 'secured' by the RV/2nd home, then the interest would be deductible.

If the loan was 'secured' by the primary home, most people interpret the interest for the RV as not deductible.