Travel Trailers and Taxes

[ADawg]

Ok guys first off I do not know if this is in the right area of the forum but here it goes. So can you right off the interest you pay on a travel trailer on your taxes. I was told you can as long it has it has a toilet and kitchen but I want to know if you really can. I will ask my tax guy for sure but I wanted to throw the question out there anyways.

[JAG1]

Yes you can write off the interest just as if you bought a second home. I'm pretty sure you can write off any maintenance costs too, but, don't quote me on that.

[Mopar1973Man]

I would give a local accountant a call and ask them. Because of all the different tax laws and such I would rather check and be sure than have IRS knocking on your door.

[ADawg]

Thanks for the help I will call my tax guy do you think the people at the sales office would know the answer to that question? Just a thought.

[AH64ID]

On my old trailer I deducted the interest, and will be doing the same on my new trailer when I do my 2012 taxes. It's a federal deduction for a 2nd home. In some states you can deduct the RV sticker fee because it's labels as a property tax. Well in Idaho it's not, oh well.It's not a big deduction, but it's something.

[MnTom]

On my old trailer I deducted the interest, and will be doing the same on my new trailer when I do my 2012 taxes. It's a federal deduction for a 2nd home. In some states you can deduct the RV sticker fee because it's labels as a property tax. Well in Idaho it's not, oh well. It's not a big deduction, but it's something.

There is your answer! You can deduct the interest as a second mortgage and also the taxes that are paid on not only your trailer license, but on all of your vehicles. Turbo Tax is your friend!!

[AH64ID]

The vehicle taxes are state dependent, even for federal taxes, because of how they are coded. There isn't a penny on the Idaho registration form for anything that is deductible.