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Old 09-26-2022, 06:56 AM   #1
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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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Old 09-26-2022, 07:16 AM   #2
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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.......
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Old 09-26-2022, 07:23 AM   #3
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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
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Old 09-26-2022, 08:41 AM   #4
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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.
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Old 09-26-2022, 09:46 AM   #5
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Most of them are being used as tax write off.. many ways..
Good luck and keep us posted
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Old 09-26-2022, 10:09 AM   #6
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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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Old 09-26-2022, 10:10 AM   #7
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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 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.
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Old 09-26-2022, 10:21 AM   #8
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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.
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Old 09-26-2022, 12:19 PM   #9
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If you add solar, you can write it off. Itís a 26% write off this year.
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Old 09-26-2022, 12:29 PM   #10
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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.
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Old 09-26-2022, 12:53 PM   #11
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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.
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
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Old 09-26-2022, 01:22 PM   #12
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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.
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Old 09-26-2022, 05:05 PM   #13
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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
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Old 09-26-2022, 05:06 PM   #14
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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.
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