|
|
01-22-2016, 09:26 PM
|
#1
|
Senior Member
Join Date: Jan 2016
Posts: 254
|
Tax deduction
You can deduct interest you paid on your RV if you paid the interest in the preceding year. Your RV or TT needs to be equipped as your home is, i.e. bed, bathroom, living area etc. You can't throw a sleeping bag into the vehicle and call it a home. Additionally you can write off the RV or TT as a business office if you use the home to entertain clients or do your business from the RV. Just follow your tax guidelines and you will be fine. Also some states allow you to deduct your sales tax. I say all this to say you must itemize your taxes to do all this. I am not a tax expert but have done a lot of business taxes as well as rental homes and my main home. please dont use my advice as the gospel do your own homework but you will find I am right in most of the situations. I forgot to mention this pertains to your second home as well as your main residence
|
|
|
|
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!
|
01-22-2016, 09:45 PM
|
#2
|
Senior Member
Join Date: Nov 2015
Posts: 26,689
|
Everybody knows that...........
Did you know Pinocchio is a bad motivational speaker?
|
|
|
01-22-2016, 09:49 PM
|
#3
|
Senior Member
Join Date: Jan 2016
Posts: 254
|
not everyone
Not everyone knows the answer or they wouldn't ask a tax question in this forum
|
|
|
01-22-2016, 10:40 PM
|
#4
|
Senior Member
Join Date: Nov 2015
Posts: 26,689
|
Who asked
|
|
|
01-22-2016, 11:04 PM
|
#5
|
Senior Member
Monaco Owners Club Workhorse Chassis Owner
Join Date: Aug 2002
Location: Clovis, CA, USA
Posts: 13,103
|
Quote:
Originally Posted by Old-Biscuit
Who asked
|
We need a like button on this forum.
__________________
2004 Monaco La Palma 36DBD, W22, 8.1, 7.1 MPG
2000 LEXUS RX300 FWD 22MPG 4020 LBS
Criticism is easier than Craftsmanship
|
|
|
01-23-2016, 04:04 AM
|
#6
|
Community Administrator
Fleetwood Owners Club Workhorse Chassis Owner
Join Date: Sep 2010
Location: Marquette, Michigan "Da UP" & Lehigh Acres Florida
Posts: 21,822
|
Quote:
Originally Posted by Old-Biscuit
Who asked
|
Any member can post a statement which could answer a unasked question.
__________________
John & Cathy R.
06 Pace Arrow 38L Workhorse W24
|
|
|
01-23-2016, 06:52 AM
|
#7
|
Senior Member
Carolina Campers
Join Date: Feb 2013
Location: Winston Salem, NC
Posts: 3,452
|
What are taxes?
|
|
|
01-24-2016, 05:34 AM
|
#8
|
Member
Join Date: Feb 2015
Posts: 52
|
I rarely visit this forum because some people just go out of their way to be rude....Just saying
|
|
|
01-24-2016, 05:53 AM
|
#9
|
Senior Member
Join Date: Apr 2010
Location: Washington Court House, Ohio
Posts: 155
|
Wow, what is wrong with people. The OP is a junior member and could be new to the RV world and was just trying to help by posting something he thought might be helpful. Not everybody knows all the answers. Give him a break and welcome him instead of throwing hand gernades at him.
|
|
|
01-24-2016, 05:59 AM
|
#10
|
Senior Member
Fleetwood Owners Club
Join Date: Jun 2009
Posts: 4,031
|
Pay cash for your RV. And never lose all that interest money as you will never get 100% of it back on your taxes.
Or if retired it may not be enough to even file the long form.
The standard deduction may be worth more.
__________________
99 Discovery 34Q ISB
2014 MKS AWD EcoBoost Toad
Fulltime Since "99"
|
|
|
01-24-2016, 06:00 AM
|
#11
|
Senior Member
Carolina Campers
Join Date: Feb 2013
Location: Winston Salem, NC
Posts: 3,452
|
True, and any time I am able to take another tax deduction, I am a happier camper....
|
|
|
01-24-2016, 06:15 AM
|
#12
|
Senior Member
Join Date: Jan 2016
Location: Central Ohio
Posts: 707
|
Tax deduction
Quote:
Originally Posted by Old-Biscuit
Who asked
|
Someone asked the question on another thread. The OP created a new thread called "Lost" where he questioned how to find someone to answer a "tax question" for them.
My guess is the OP could not find the user id or thread where the question was asked and created a new thread "tax deduction" in an honest attempt to answer a "tax question" for someone.
Some people may find the OP's answer helpful. Unfortunately, there some people on the forum who may be rude. Personally , the thread did not bother me.
__________________
Regards,
Ohio Snake
|
|
|
01-27-2016, 09:30 PM
|
#13
|
Senior Member
Country Coach Owners Club Solo Rvers Club iRV2 No Limits Club
Join Date: May 2011
Location: Vancouver, WA
Posts: 37,725
|
Quote:
Originally Posted by Triker56
Pay cash for your RV. And never lose all that interest money as you will never get 100% of it back on your taxes.
|
Or perhaps you make more in dividends than you pay in interest plus you get a tax deduction.
__________________
2009 45' Magna 630 w/Cummins ISX 650 HP/1950 Lbs Ft, HWH Active Air
Charter Good Sam Lifetime Member, FMCA,
RV'ing since 1957, NRA Benefactor Life, towing '21 Jeep JLU Rubicon Ecodiesel
|
|
|
01-27-2016, 11:49 PM
|
#14
|
Senior Member
Join Date: Dec 2012
Location: Oregon
Posts: 6,619
|
Whats cash?
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
Search this Thread |
|
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Discussions |
|
|
|
|
|
|
|
|
|
|
|
|
|