Carl Lundquist said:
Remember free tax advice from amateurs is like free medical advice from amateurs -- worth every dollar you spend on it.? Ask a real accountant or an enrolled agent to be really sure.
Never been overly fond of taxation but a BSBA in Accounting and an MBA in Accounting from the Univ of Colorado makes me a real accountant.
You CAN deduct interest on an RV loan if it's a secured loan, if you don't rent it out, if it meets the sleeping/cooking/bathroom tests. IRS Pub 936 states that a qualified home "...includes a house, condominium, cooperative, mobile home, house trailer, boat, or similar property that has sleeping, cooking, and toilet facilities." Pub 936 also states that "A second home is a home that you choose to treat as your second home. "
Of course, all this presupposes that you have enough deductions to bother with itemizing.