Journey with Confidence RV GPS App RV Trip Planner RV LIFE Campground Reviews RV Maintenance Take a Speed Test Free 7 Day Trial ×
RV Trip Planning Discussions

Go Back   iRV2 Forums > iRV2.com COMMUNITY FORUMS > iRV2.com General Discussion
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 09-26-2022, 05:56 AM   #1
Senior Member
 
Join Date: Mar 2019
Posts: 630
Tax write offs from RV'ng?

Just general discussion...not tax advice.
When you take long trips and live in RV, are there tax write offs that you guys take?
Thanks
Homeby5 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 09-26-2022, 06:16 AM   #2
Senior Member
 
palehorse89's Avatar
 
Newmar Owners Club
Join Date: Oct 2009
Posts: 10,119
No.......its a personal life style choice........nothing about RVing is a write off. Its hard to write anything off for personal use since the standard deduction was doubled.......
__________________
2012 Essex 4544 2011 Jeep JK, M&G Braking, 2014 MTI 27' Hog Hauler, Wireless brake control, 2006 Ultra & 1989 Springer, 2003 Harley-Davidson
FLHR Road King Anniversary
palehorse89 is online now   Reply With Quote
Old 09-26-2022, 06:23 AM   #3
Senior Member
 
777 Driver's Avatar


 
Entegra Owners Club
Spartan Chassis
Join Date: Feb 2010
Posts: 3,916
Taking tax advice from an RV forum might have some hazards.

However, it's been suggested by qualified tax professionals that as long as the RV is security for the loan used to buy it, you can deduct mortgage interest paid on that loan. In the event you decide to move back into a more traditional house, your boat or RV can also be treated as a qualified second home, and the same homeowner deductions apply.

Take care,
Stu
__________________
"I would rather have questions that can't be answered than answers that can't be questioned."
2018 Anthem 42DEQ
777 Driver is offline   Reply With Quote
Old 09-26-2022, 07:41 AM   #4
Senior Member
 
Country Road's Avatar
 
Join Date: May 2021
Location: Brenham, Texas
Posts: 2,000
Quote:
Originally Posted by Homeby5 View Post
Just general discussion...not tax advice.
When you take long trips and live in RV, are there tax write offs that you guys take?
Thanks
No. Not worth the hassle in my opinion.

Iím sure there are those who take business trips using their rvís, and that would be a legitimate expense. Once again, just my opinion.
__________________
Eddie and Jomaye, Retired
2018 Newmar Ventana 4369
2021 Jeep 4 dr Wrangler
Country Road is offline   Reply With Quote
Old 09-26-2022, 08:46 AM   #5
Senior Member
 
Join Date: Aug 2020
Location: Ohio
Posts: 2,274
Most of them are being used as tax write off.. many ways..
Good luck and keep us posted
__________________
2000 southwind storm, workhorse custom chassis with 7.4l vortec
donr103 is offline   Reply With Quote
Old 09-26-2022, 09:09 AM   #6
Member
 
Join Date: Mar 2015
Posts: 66
I would think that to write off your RV cost it would have to be somehow used in the production of income. Interest expense and property taxes should be no problem but depreciation, fuel cost campground fees; you would have to associate an income stream with those costs..
John.W is offline   Reply With Quote
Old 09-26-2022, 09:10 AM   #7
laj
Senior Member
 
Join Date: Nov 2010
Posts: 2,407
Tax write offs from RV'ng?

The tax code is very clear, and easy to see that a mh MAY be a write off. if you donít/ canít understand it, and are thinking about exploring that possibility i would spend a couple bucks , and see a tax attorney that specializes in this type of write off.

It could save you a lot of headaches, and money.
laj is offline   Reply With Quote
Old 09-26-2022, 09:21 AM   #8
Senior Member
 
dizcom's Avatar
 
Freightliner Owners Club
Holiday Rambler Owners Club
Join Date: Jun 2021
Posts: 1,629
Yes, and too big a topic to really discuss in a thread. Seek out a tax professional and discuss it with them. Your situation will be different from others.
__________________
2021 Holiday Rambler Armada 44LE
2021 Jeep Wrangler High Altitude toad w/Ready Brute Elite II
dizcom is offline   Reply With Quote
Old 09-26-2022, 11:19 AM   #9
Senior Member
 
Join Date: May 2009
Location: Mariposa, CA
Posts: 3,890
If you add solar, you can write it off. Itís a 26% write off this year.
__________________
2003 - 2010: 2004 35' National RV Sea Breeze LX 8341
2010 - 2021: 2001 41' Newmar Mountain Aire 4095
2021 - ???? : 2001 31' National RV Sea View 8311
TechWriter is offline   Reply With Quote
Old 09-26-2022, 11:29 AM   #10
Senior Member
 
jaydee325's Avatar
 
Join Date: Feb 2022
Posts: 513
Quote:
Originally Posted by 777 Driver View Post
Taking tax advice from an RV forum might have some hazards.

However, it's been suggested by qualified tax professionals that as long as the RV is security for the loan used to buy it, you can deduct mortgage interest paid on that loan. In the event you decide to move back into a more traditional house, your boat or RV can also be treated as a qualified second home, and the same homeowner deductions apply.

Take care,
Stu
My tax advisor told me a late as this past spring that the mortgage interest on a second home (including RVs) was no longer allowed by IRS.
__________________
Bob & Kathy
2018 Newmar Ventana 4037
jaydee325 is online now   Reply With Quote
Old 09-26-2022, 11:53 AM   #11
Senior Member
 
777 Driver's Avatar


 
Entegra Owners Club
Spartan Chassis
Join Date: Feb 2010
Posts: 3,916
Quote:
Originally Posted by jaydee325 View Post
My tax advisor told me a late as this past spring that the mortgage interest on a second home (including RVs) was no longer allowed by IRS.
From IRS Publication 926 (https://www.irs.gov/pub/irs-pdf/p926.pdf):

Qualified Home
For you to take a home mortgage interest deduction, your debt must be secured by a qualified home. This means your main home or your second home. A home includes a house, condominium, cooperative, mobile home, house trailer, boat, or similar property that has sleeping, cooking, and toilet facilities.

Take care,
Stu
__________________
"I would rather have questions that can't be answered than answers that can't be questioned."
2018 Anthem 42DEQ
777 Driver is offline   Reply With Quote
Old 09-26-2022, 12:22 PM   #12
Senior Member
 
Join Date: May 2019
Posts: 302
Quote:
Originally Posted by TechWriter View Post
If you add solar, you can write it off. Itís a 26% write off this year.
It's a tax credit, not simply a deduction.
And I took it in 2020.
__________________
2016 Open Range RF316RLS
2018 Ram 3500 Cummins
Jkjavelin is offline   Reply With Quote
Old 09-26-2022, 04:05 PM   #13
Senior Member
 
Join Date: Jan 2016
Posts: 410
Quote:
Originally Posted by 777 Driver View Post
From IRS Publication 926 (https://www.irs.gov/pub/irs-pdf/p926.pdf):

Qualified Home
For you to take a home mortgage interest deduction, your debt must be secured by a qualified home. This means your main home or your second home. A home includes a house, condominium, cooperative, mobile home, house trailer, boat, or similar property that has sleeping, cooking, and toilet facilities.

Take care,
Stu
I think you mean IRS Pub 936
AllegroD is offline   Reply With Quote
Old 09-26-2022, 04:06 PM   #14
Senior Member
 
KenZ71's Avatar
 
Join Date: Nov 2017
Location: Back Woods of NC
Posts: 1,204
To deduct business expenses most likely the RV will need commercial tags which in turn might me CDL. Big headaches there. Also insurance becomes a PITA.
__________________
2012 Newmar King Aire w/ Roadmaster Falcon 2 Tow Bar
2020 Cherokee Trailhawk w/ Blue Ox Base Plate
2005 Tiffin Phaeton - was a good start but too short
KenZ71 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 04:55 PM
Tax write off Cola ny iRV2.com General Discussion 23 05-25-2014 09:13 AM
Your Rig & Tax Write Off...... Kro1957 Workkamping & Volunteering 11 07-26-2013 07:11 PM
Lost tax write-off by paying off rig... 2racer iRV2.com General Discussion 4 05-17-2010 11:10 AM

» Featured Campgrounds

Reviews provided by


All times are GMT -6. The time now is 05:42 AM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2023, vBulletin Solutions, Inc.