As we approach the tax filing season I'd just like to remind everyone that there are deductions available to the RVer. The first is that if you bought your RV this year you may be able to deduct the sales tax you paid on the RV. You get the sales tax deduction if your sales tax paid on your RV plus the amount of sales tax from the table for your state exceeds your state income tax paid. If you are in a personal property tax state and you pay personal property tax on your unit, that is deductible.
If you have a loan on your RV and your RV has kitchen and bathroom capabilities, that interest is deductible on Schedule A as "Other Interest." Do not deduct it as mortgage interest as this will probably get you a greetings letter from our friendly IRS. I usually list it as RV Interest and the name of the bank or finance company on the same line.
If you don't itemize your deductions, then this is a moot point because you have to itemize to take these deductions.
Ed
If you have a loan on your RV and your RV has kitchen and bathroom capabilities, that interest is deductible on Schedule A as "Other Interest." Do not deduct it as mortgage interest as this will probably get you a greetings letter from our friendly IRS. I usually list it as RV Interest and the name of the bank or finance company on the same line.
If you don't itemize your deductions, then this is a moot point because you have to itemize to take these deductions.
Ed