Skip to main content
February 11, 2025
Question

I bought a travel trailer can I write it off in any way?

  • February 11, 2025
  • 1 reply
  • 0 views
No text available

    1 reply

    DawnC
    Employee
    February 11, 2025

    It can, if you itemize tax deductions.   There is no tax benefit if you take the standard deduction.  

     

    You're allowed to deduct the interest on a loan secured by your main home (where you ordinarily live most of the time) and a second home.   

     

    A mobile home, RV, house trailer, or houseboat that has sleeping, cooking, and toilet facilities counts as a main or second home, and as long as it meets all the other requirements for deducting mortgage interest, you can claim the interest like an immovable home.   From this TurboTax FAQ

     

    Personal property taxes are deductible (as an itemized deduction) when they are based on the value of personal property, such as a boat or car.  To be deductible, the tax must be charged to you on a yearly basis, even if it is collected more than once a year or less than once a year.

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"