Yes, your travel trailer is tax deductible as a second home if it meets the following conditions:
- It must have sleeping facilities
- It must have cookies facilities
- It must have toilet facilities
The interest you pay on the travel trailer loan, as a second home, can be deducted. Interest can only be deducted on a maximum of two homes you may own. Your primary and second home.
However real estate taxes and personal property taxes if any, can be deducted on any number of homes you may have.
Note: Tax law can be very complicated so I do recommend you seek the advice of a professional when it comes to your tax.
Can you deduct sales tax on a travel trailer?
You may be able to deduct a portion of the sales tax paid on a new travel trailer, if the purchase took place during the last year. Your tax form will have a worksheet that will help you determine how much you are allowed to deduct.
Can you claim your RV as a primary residence?
Yes, for federal tax purposes an RV can be claimed as a primary residence or second home.. This allows you to take advantage of the same tax deductions as a typical homeowner.
Can I write off an RV as a business expense?
Your RV can be written off as a business expense if it’s used in your business. Just about any expense that goes into operating your business via your RV may be a tax deduction.