Can a mobile home (rv) be a second home and mortage expense deducted?
February 3rd, 2008 | by admin |naturalee asked:
I am considering taking a new job far from home and am investifating the practicality and financial considrations with purchasing a mobile home /rv for lodging during the week instead of renting. I am wondering if they is some way to have have it structured so the purchase is that of a second home and the interest expense be deductible. I plan to occasionally return home on weekends but not necessarily/regularly with the mobile home.
Question posted courtesy of: Gordon
I am considering taking a new job far from home and am investifating the practicality and financial considrations with purchasing a mobile home /rv for lodging during the week instead of renting. I am wondering if they is some way to have have it structured so the purchase is that of a second home and the interest expense be deductible. I plan to occasionally return home on weekends but not necessarily/regularly with the mobile home.
Question posted courtesy of: Gordon
2 Responses to “Can a mobile home (rv) be a second home and mortage expense deducted?”
By krs451960lovesnlc on Feb 3, 2008 | Reply
Rv but am not positve sorry.
The interest on the loan of rv but am not positve sorry.
By suesam37 on Feb 4, 2008 | Reply
YES YES YES!!!!! If you buy a motorhome,travel trailer,or pop-up that is self contained IE: bathroom facilities etc. with holding tanks, it is considered a second home.