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Posted: 2/20/2006 4:03:12 PM EDT
Atleast thinking about one. It will be a 5th wheel, and my questino is this:

Is the purchase price and or the interest on the loan tax deductable? Is this considered a second home?


Thanks


John
Link Posted: 2/20/2006 4:06:14 PM EDT
If it has a place to poop, a place to sleep, and a range top to cook on, yes, the loan interest is tax-deductible, as it qualifies as a second home.

I take the deduction on a boat loan.
Link Posted: 2/20/2006 4:15:26 PM EDT

Originally Posted By INI:
If it has a place to poop, a place to sleep, and a range top to cook on, yes, the loan interest is tax-deductible, as it qualifies as a second home.

I take the deduction on a boat loan.



+1

has to meet the above criteria
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