PBArmy Posted February 21, 2021 Report Share Posted February 21, 2021 I am a fulltimer and I always claim the interest paid on my RV loan on my taxes. I refinanced the installment loan on my RV last year. Should I consider that the same as a mortgage refi on my taxes this year? Quote Link to comment Share on other sites More sharing options...
Kirk W Posted February 21, 2021 Report Share Posted February 21, 2021 (edited) Probably, but I would check the current rules before doing so. I'm not sure that an RV forum is the best source of tax advice. I have not read up on mortgage deductions recently since I no longer have one. Edited February 21, 2021 by Kirk W Quote Link to comment Share on other sites More sharing options...
Twotoes Posted February 21, 2021 Report Share Posted February 21, 2021 I have been told by my accountant that an RV can be considered a second home and the interest is deductible. Not sure if the refi costs would be deductible however. Anyway with the standard deduction being doubled most folks are not filing a schedule A and not claiming deductions and are just claiming the standard deduction. I strongly recommend you seek the advise of a CPA. Quote Link to comment Share on other sites More sharing options...
2gypsies Posted February 21, 2021 Report Share Posted February 21, 2021 This is a statement from last year on TurboTax: https://turbotax.intuit.com/tax-tips/home-ownership/can-you-claim-a-boat-or-rv-as-a-primary-residence/L0kjn8r1C Quote Link to comment Share on other sites More sharing options...
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