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February 9, 2021
Question

Can taxes and interest be deducted for a travel trailer? Where is this information entered?

  • February 9, 2021
  • 1 reply
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self contained, like a second home

1 reply

February 9, 2021

If your trailer qualifies as a second home (having sleeping, cooking and toilet facilities), you can deduct interest paid on a loan secured by the trailer itself. The interest can be entered in the mortgage interest section, even if you do not have a form 1098. Go to Federal > Deductions & Credits > Your Home > Mortgage Interest.

 

Property taxes are also deductible. However, there are no property (real estate) taxes on a trailer.

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