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Old 08-21-2017, 05:54 PM   #85
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Got mine a couple weeks back. $228.90. The first of four annual payments.
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Old 08-21-2017, 05:58 PM   #86
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Anyone tell me for sure that the Norcold recall is covered 100% under the recall program? I've been told that I they pay for parts and labor. Alliance In Wildwood has received a recall kit ordered specifically for my coach and I don't want any surprises.
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Old 08-21-2017, 06:04 PM   #87
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Got mine a couple weeks back. $228.90. The first of four annual payments.
yup me to
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Old 08-21-2017, 06:38 PM   #88
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Got mine a couple weeks back. $228.90. The first of four annual payments.

Me three! I am shocked, but not enough to not deposit the check.
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Old 08-21-2017, 07:11 PM   #89
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Anyone tell me for sure that the Norcold recall is covered 100% under the recall program? I've been told that I they pay for parts and labor. Alliance In Wildwood has received a recall kit ordered specifically for my coach and I don't want any surprises.
In a recall, the manufacturer pays for parts and labor.
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Old 08-21-2017, 07:54 PM   #90
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I have a question. Do I need to claim the Norcold money as income? I know by the time I file I will forget.
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Old 08-21-2017, 09:27 PM   #91
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Start with post 12 in THIS THREAD for discussions on that. It depends.

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Old 08-21-2017, 09:34 PM   #92
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Regarding the question of if the Norcold settlement payment is taxable income, the answer depends on whether or not you have been claiming deductions for expenses with respect to the use of the motor home.

If you are deducting any operating costs (i.e. depreciation, repairs, etc.) and use the motorhome as a business asset with deductible expense items, then the settlement payment may represent taxable income to be included in the motor home income/loss calculation. You should discuss the issue with your tax advisor to ensure the proper treatment is determined.

If you use your motor home solely for personal use, i.e. no depreciation deduction for business use, no operational deductible expenses, (do not take into account if you are currently deducting interest on a loan secured by the motorhome if eligible to do so as a first or second home mortgage deduction) then the settlement recovery should generally not be treated as an item of taxable income and does not need to be reported as income by an individual.

If in doubt, talk with your tax advisor.
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