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Is this a Motorhome or a towable RV trailer? I wouldn't think vehicle deduction rules would apply even if it is a motorhome. I'd lean towards 7yr equipment depreciation
What is your question about loan treatment? If a business loan, then interest would be business deduction.
Google found this https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-bought-a-motorhome-for-use-in-...
Class life of a Bus is 5 years, so I would use 5 years for an RV. If used morethan %0% in your business, it would also be eligible for 179 deduction or bonus deprecation
Sorry use must be more than 50% for 179 Typing too fast 😁
Thanks. It is small motorhome type. Retrofitting with salon equipment. Mobile to go to customers.
Thanks. 100 percent business use
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