Go Back   iRV2 Forums > MOTORHOME FORUMS > Class A Motorhome Discussions
Click Here to Login
Join iRV2 Today

Mission Statement: Supporting thoughtful exchange of knowledge, values and experience among RV enthusiasts.
Reply
  This discussion is proudly sponsored by:
Please support our sponsors and let them know you heard about their products on iRV2
 
Thread Tools Search this Thread Display Modes
 
Old 12-31-2015, 02:03 AM   #15
"Formerly Diplomat Don"
 
Dutch Star Don's Avatar
 
Newmar Owners Club
Join Date: Apr 2005
Location: Moorpark, Ca.
Posts: 9,281
Here is something I find interesting. The IRS has attached or associated your social security number to just about everything that is used in your tax return. You can still fudge on charitable donations (which has been tightened up) and on medical bills, but you need a large number to get past the percentage of your AGI to make any difference.

Now here is what's interesting and I'm not suggesting it be done, but you can easily deduct $5K-$10K a year with a bogus RV loan. The IRS doesn't require any documentation. For three years in a row I was questioned about the deduction for my RV. I always wondered why the IRS didn't require the lender to send an interest statement. In the last few years, I've been typing out the words "RV loan" with an account number on my return. I haven't been questioned since. It just surprises me that they haven't tightened this section up.
__________________

__________________
Don & Mary
2014 Newmar Dutch Star - All Electric - 450 ISL
2016 GMC Canyon 4WD Crew Cab
Dutch Star Don is offline   Reply With Quote
Join the #1 RV Forum Today - It's Totally Free!

iRV2.com RV Community - Are you about to start a new improvement on your RV or need some help with some maintenance? Do you need advice on what products to buy? Or maybe you can give others some advice? No matter where you fit in you'll find that iRV2 is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with other RV owners, see fewer ads, upload photographs, create an RV blog, send private messages and so much, much more!

Old 12-31-2015, 06:08 AM   #16
Senior Member
 
wildtoad's Avatar
 
Join Date: Jul 2010
Posts: 2,929
Quote:
Originally Posted by Butte64 View Post
How do you "register as a second home?"
I live in Aiken County SC and see no way to get a license plate other than as a Motorhome and the tax people are sure not giving me any break on PPT. Won't be any problem with IRS and second home interest.
Here in Richland county you have to go to the county auditors office and fill out a form. Basically it asks does the unit have a bathroom, shower, etc. you still get a paid receipt to get your tags.
__________________

__________________
Tom Wilds
Blythewood SC
2016 Newmar Bay Star Sport 3004
2013 Chevy Sonic Hatchback (Automatic)
wildtoad is offline   Reply With Quote
Old 12-31-2015, 07:47 AM   #17
Senior Member
 
Join Date: Apr 2010
Location: Western NY
Posts: 2,801
Quote:
Originally Posted by wildtoad View Post
Here in Richland county you have to go to the county auditors office and fill out a form. Basically it asks does the unit have a bathroom, shower, etc. you still get a paid receipt to get your tags.
A number of the posts on here are referring to local law, not IRS tax regulations. Publication 936 does spell out the rules pretty well and second home interest is definitely deductible on Schedule A. As stated earlier, it must have bathroom and kitchen facilities. It also must have a principal of less than $1 million.

Be careful where you place the deduction on your Schedule A. It should NOT go on the mortgage interest line but rather as other interest with the notation of RV loan and to whom you are paying the interest.

As to the earlier statement that you can get away with claiming anything on that line, I would not advise that tact. Letter audits are becoming much more common and even if your record it on the correct line you may still be required to produce documentation. We never advise a client to take deductions that aren't real. Many of the rules are pretty generous and just following the law is all that you need to do.

If you have purchased an RV in 2015, you may also be able to take the sales tax on your purchase. You get the greater of either your sales tax deduction or your state income tax deduction. Take the sales tax from the chart and add to it the tax you paid on your 2015 RV purchase and see if it is more than your state income tax paid. That deduction is available in 2016 also.
__________________
2011 Berkshire 390bh (traded) 2018.5 Entegra Aspire 44R on order
wnytaxman is offline   Reply With Quote
Old 12-31-2015, 06:26 PM   #18
Senior Member
 
cdinatl's Avatar
 
Join Date: Jul 2013
Posts: 226
Thank you all greatly. What an awesome groping on this forum. Refreshing.
Happy and blessed 2016 to all!


2008 Holiday Rambler PDQ Ambassador 360 ISC
2015 Jeep Rubicon
Blue Ox tow Patriot brake
__________________
cdinatl is offline   Reply With Quote
Old 12-31-2015, 08:26 PM   #19
Member
 
sejac55's Avatar
 
Join Date: Dec 2015
Location: South Jersey
Posts: 42
wife was IRS auditor..we will be deducting...just meet the criteria...perfectly legal
__________________
sejac55 is offline   Reply With Quote
Old 12-31-2015, 08:34 PM   #20
Senior Member
 
Mr_D's Avatar
 
Solo Rvers Club
iRV2 No Limits Club
Join Date: May 2011
Location: Vancouver, WA
Posts: 28,418
I've always gotten a form from the lender that stated the interest was reported to the Feds so I've never had a chance to "fudge" it.
__________________
2009 45' Magna 630 w/Cummins ISX 650 HP/1950 Lbs Ft
Charter Good Sam Lifetime Member, FMCA, SKP
RV'ing since 1957, NRA Benefactor Life, towing '14 CR-V
Mr_D is online now   Reply With Quote
Old 12-31-2015, 09:34 PM   #21
Community Administrator
 
NLOVNIT's Avatar


 
Pond Piggies Club
Fleetwood Owners Club
Ford Super Duty Owner
LA Gulf Coast Campers
Outdoors RV Owners Club
Join Date: Mar 2002
Posts: 22,277
Blog Entries: 1
Quote:
Originally Posted by Mr_D View Post
I've always gotten a form from the lender that stated the interest was reported to the Feds so I've never had a chance to "fudge" it.
When new, our Jeep & Bounder loans were both through First Merit. Every year at tax time, I had to go to the bank branch & have them run a report for interest paid during the prior year for the Bounder. Yet I rec'd by mail an interest statement each January for the interest paid prior year on the Jeep. When I questioned the branch manager about it, he said they do it for car loans but not RV loans.

Oh & also every year, I'd have to take the prior year's report with me, because it was never the same branch manager twice & they didn't know how to pull up the report until I showed them what the report looked like. More than once one of the managers said "No one's ever asked for that before!".

Lori-
__________________
Lori & Dave - FMA #3415 | FMCA #F419886 | RV/MH Hall of Fame Lifetime Member
2006 Fleetwood Bounder 36Z & 2014 Honda CRV EX-L AWD, My iRV2 Photo Albums
How is it one careless match can start a forest fire but it takes a whole box to start a campfire?
NLOVNIT is online now   Reply With Quote
Old 12-31-2015, 09:44 PM   #22
Member
 
litewave's Avatar
 
Join Date: Oct 2013
Location: Richmond, MN
Posts: 77
license fees are also deductible.

The "TAX" portion of your RV license fees is also deductible on your Itemized deductions under "Other Taxes".
__________________
Paul and Andrea Baker and the fuzzy kids, Riena and Chica.
2005 Winnebago Adventurer 37B
2010 Jeep Grand Cherokee Toad
litewave is offline   Reply With Quote
Old 12-31-2015, 11:40 PM   #23
Senior Member
 
Scottybdivin's Avatar


 
Newmar Owners Club
Join Date: Jun 2012
Location: Spicewood Texas (West of Austin)
Posts: 3,342
Quote:
Originally Posted by litewave View Post
The "TAX" portion of your RV license fees is also deductible on your Itemized deductions under "Other Taxes".
I thought the whole thing was a tax?
__________________
Scotty and Kristen, Airedales Dagny and Wyatt
2007 Newmar Mountain Aire 4528, 450 HP ISM, Allison 4000, 8 Trojan T-105's
2014 F150 4x4 Crew Cab Platinum 157" WB
Roadmaster Blackhawk 2, RVI2 Brake System
Scottybdivin is online now   Reply With Quote
Old 12-31-2015, 11:45 PM   #24
Senior Member
 
Mr_D's Avatar
 
Solo Rvers Club
iRV2 No Limits Club
Join Date: May 2011
Location: Vancouver, WA
Posts: 28,418
Quote:
Originally Posted by Scottybdivin View Post
I thought the whole thing was a tax?
Here in WA we have the tax, then they add a weight fee (not ded.), then some fee's for handling the renewal so only the tax part is deductible.

The "killer" is the almost 10% sales/use tax they charge, luckily it's only on the difference if you trade through a dealer. Buy new and it's the whole thing. And they are wise to low ball receipts and use a outside valuation service (that naturally is high).
__________________
2009 45' Magna 630 w/Cummins ISX 650 HP/1950 Lbs Ft
Charter Good Sam Lifetime Member, FMCA, SKP
RV'ing since 1957, NRA Benefactor Life, towing '14 CR-V
Mr_D is online now   Reply With Quote
Old 01-01-2016, 05:00 PM   #25
Member
 
Join Date: Feb 2011
Posts: 55
The Recreation Vehicle Industry Association. RVIA has made this tax deduction possible. It used to apply, only to Motohomes, but lobbying has included 5th Wheel RVs (not sure about TT RVs.)
If you rent a campsite and are using said campsites for a minimum of six months, the cost of rental is tax deductible. (Not sure if it can be multiple campsites or if it has to be one location.)
The Mileage to said campsite is deductible on a Motorhome and the Tow Vehicle used to pull your 5th Wheel. (Not sure if it can be multiple campsites or if it has to be one location.)
This is what I read about what the RVIA has done for us.
I'm posting this because this is what I read. Check it out. Due diligence is YOUR responsibility.

I'm just the messenger! Don't kill the messenger!
__________________
Maverick50 is offline   Reply With Quote
Old 01-01-2016, 05:21 PM   #26
Senior Member
 
FlyingDiver's Avatar
 
Newmar Owners Club
Join Date: May 2007
Location: Somewhere....
Posts: 3,820
Quote:
Originally Posted by wnytaxman View Post
Be careful where you place the deduction on your Schedule A. It should NOT go on the mortgage interest line but rather as other interest with the notation of RV loan and to whom you are paying the interest.
It goes on Schedule A, Line 11 which is labeled "Home mortgage interest not reported to you on Form 1098".
__________________
2008 King Aire 4562, Spartan K3(GT) w/ Cummins ISX 600
2014 Jeep Grand Cherokee Overland 5.7L V8 Hemi w/ Blue Ox Aventa LX Tow Bar and baseplate, SMI Air Force One brake
FlyingDiver is offline   Reply With Quote
Old 01-01-2016, 05:53 PM   #27
Senior Member
 
Hit_the_Rhod's Avatar


 
Join Date: Oct 2014
Location: Salvisa, KY
Posts: 2,424
Boats also qualify as a 2nd home if they meet the requirements of 936 as well. Bathroom, cooking facilities, etc. I'm not talking bass boat, but we took the deduction with our 36' Grand Banks and a 34' Monk.

I'll take any deduction that is legal, even if it is one that will typically raise a red flag to the IRS. Just make sure it IS legal, and have all your documentation in hand.
__________________
Scot & Laura Kellersberger
Newmar 4 wheel drive Dutch Star 3891, 2005 GMC Canyon. Demco Tow Bar & Baseplate U.S.Army (ret)
1985 - 2006
Hit_the_Rhod is offline   Reply With Quote
Old 01-01-2016, 07:30 PM   #28
Senior Member
 
Join Date: Apr 2010
Location: Western NY
Posts: 2,801
Quote:
Originally Posted by Maverick50 View Post
The Recreation Vehicle Industry Association. RVIA has made this tax deduction possible. It used to apply, only to Motohomes, but lobbying has included 5th Wheel RVs (not sure about TT RVs.)
If you rent a campsite and are using said campsites for a minimum of six months, the cost of rental is tax deductible. (Not sure if it can be multiple campsites or if it has to be one location.)
The Mileage to said campsite is deductible on a Motorhome and the Tow Vehicle used to pull your 5th Wheel. (Not sure if it can be multiple campsites or if it has to be one location.)
This is what I read about what the RVIA has done for us.
I'm posting this because this is what I read. Check it out. Due diligence is YOUR responsibility.

I'm just the messenger! Don't kill the messenger!
I'm not sure where you are getting this information or how you are possibly interpreting this, but it is not correct in any way shape or fashion. Yes, you can deduct the interest paid on an RV or boat that has bathroom and kitchen facilities on it. Yes, you can deduct the sales tax paid on the purchase of your RV, boat, or automobile if your total sales tax deduction exceeds your state income tax deduction. However, a deduction for a non-business use of a campsite and the travel to that campsite is NOT deductible any more than our vacation to Jamaica would be deductible.

If someone thinks their RV vacation is deductible, please let me know where you plan on taking that deduction.
__________________

__________________
2011 Berkshire 390bh (traded) 2018.5 Entegra Aspire 44R on order
wnytaxman is offline   Reply With Quote
Reply



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Volunteering and tax write off rt749 Workkamping & Volunteering 5 11-04-2014 05:55 PM
Tax Court case on business use of motorhome CWHTRAINS Just Conversation 7 08-11-2014 04:03 PM
Tax write off Cola ny iRV2.com General Discussion 23 05-25-2014 10:13 AM
Can I pick my own sales tax this way? Liberate iRV2.com General Discussion 18 01-13-2014 09:50 PM
RFT Federal Tax $8 at Holly, MI KOA TeJay Camping Locations, Plans & Trip Reports 93 10-26-2013 03:57 PM

» Virginia Campgrounds

Reviews provided by


Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -6. The time now is 10:18 PM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.