Can a mobile home (rv) be a second home and mortage expense deducted?
by admin on Tuesday, April 12th, 2011 | 2 Comments
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.
I have heard that you can deduct the interest on the loan of a r/v. But I am not positve sorry.
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.