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February 26, 2020
Question

1098

  • February 26, 2020
  • 1 reply
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If I don't get a 1098 for interest paid on my RV can I still claim it?

    1 reply

    Employee
    February 26, 2020

    You can deduct interest on a mortgage for your main home and one second home.  To be counted as a "mortgage" for tax purposes, an RV loan has to be secured by the RV so that it could be repossessed if you stopped making payments.  An unsecured loan (like a credit card or personal loan) to buy an RV would not count.  To deduct mortgage interest without a 1098, enter the name of the lender and check the box for "I didn't get a 1098 for this loan".