poconosms1
New member
- Joined
- Sep 30, 2014
- Posts
- 1
My wife and I have pretty much decided that when the last bird flies from the nest, we're going to sell our home and become full time RVers and travel for 10 years before we're too old. We are leaning towards a 5th wheel rig.
I have a couple of tax questions I figured I'd float before I talk to an accountant.
1. Where does one declare their residency if one is constantly traveling? I'm asking from a income tax question perspective as we wouldn't live in a particular state for more than a few months.
2. side question - How do you select what state to hold a drivers license?
3. When you own a home, you deduct the interest associated with the mortgage payment. If I sell my home and instead of outright purchasing a 5th wheel rig, can I deduct the interest since the RV becomes my home?
Thanks.
I have a couple of tax questions I figured I'd float before I talk to an accountant.
1. Where does one declare their residency if one is constantly traveling? I'm asking from a income tax question perspective as we wouldn't live in a particular state for more than a few months.
2. side question - How do you select what state to hold a drivers license?
3. When you own a home, you deduct the interest associated with the mortgage payment. If I sell my home and instead of outright purchasing a 5th wheel rig, can I deduct the interest since the RV becomes my home?
Thanks.