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09-26-2022, 05:56 AM
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#1
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Senior Member
Join Date: Mar 2019
Posts: 630
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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
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09-26-2022, 06:16 AM
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#2
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Senior Member
Newmar Owners Club
Join Date: Oct 2009
Posts: 10,119
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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
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09-26-2022, 06:23 AM
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#3
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Senior Member
Entegra Owners Club Spartan Chassis
Join Date: Feb 2010
Posts: 3,916
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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
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09-26-2022, 07:41 AM
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#4
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Senior Member
Join Date: May 2021
Location: Brenham, Texas
Posts: 2,000
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Quote:
Originally Posted by Homeby5
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
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No. Not worth the hassle in my opinion.
I’m sure there are those who take business trips using their rv’s, 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
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09-26-2022, 08:46 AM
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#5
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Senior Member
Join Date: Aug 2020
Location: Ohio
Posts: 2,274
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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
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09-26-2022, 09:09 AM
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#6
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Member
Join Date: Mar 2015
Posts: 66
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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..
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09-26-2022, 09:10 AM
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#7
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Senior Member
Join Date: Nov 2010
Posts: 2,407
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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 don’t/ can’t 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.
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09-26-2022, 09:21 AM
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#8
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Senior Member
Freightliner Owners Club Holiday Rambler Owners Club
Join Date: Jun 2021
Posts: 1,629
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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
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09-26-2022, 11:19 AM
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#9
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Senior Member
Join Date: May 2009
Location: Mariposa, CA
Posts: 3,890
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If you add solar, you can write it off. It’s 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
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09-26-2022, 11:29 AM
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#10
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Senior Member
Join Date: Feb 2022
Posts: 513
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Quote:
Originally Posted by 777 Driver
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
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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
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09-26-2022, 11:53 AM
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#11
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Senior Member
Entegra Owners Club Spartan Chassis
Join Date: Feb 2010
Posts: 3,916
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Quote:
Originally Posted by jaydee325
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.
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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
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09-26-2022, 12:22 PM
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#12
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Senior Member
Join Date: May 2019
Posts: 302
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Quote:
Originally Posted by TechWriter
If you add solar, you can write it off. It’s a 26% write off this year.
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It's a tax credit, not simply a deduction.
And I took it in 2020.
__________________
2016 Open Range RF316RLS
2018 Ram 3500 Cummins
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09-26-2022, 04:05 PM
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#13
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Senior Member
Join Date: Jan 2016
Posts: 410
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Quote:
Originally Posted by 777 Driver
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
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09-26-2022, 04:06 PM
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#14
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Senior Member
Join Date: Nov 2017
Location: Back Woods of NC
Posts: 1,204
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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
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