Did you know.....

that the interest paid on the majority of RV loans is tax deductible as home mortgage interest?

To qualify, the Internal Revenue Service (IRS) has ruled that:
  • The RV must be used as security for the loan
  • The RV must have basic sleeping, cooking, and toliet facilities
Nearly all RV types --- motorhomes, travel trailers, truck campers, and many folding camping trailers --- are equipped with these facilities.*

So enjoy the benefits of RV travel and get a tax advantage too!

**An RV with full facilities can qualify as a "dwelling unit" under the IRS code section 280A(f)(1). The U.S. tax court case of Haberkorn v. Commissioner, 75 T.C. 259 (Nov. 12, 1980 filed) gives further guidance on the tax deductibility of RVs. Taxpayers may not claim the interest from more than two qualified homes on their tax returns. Ask your tax adviser for more information.


This message provided by the Recreation Vehicle Dealers Association of America.