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J
jlcrowley
March 7, 2021
Question

I have a qualified RV, but TurboTax demands I have a 1098 in order to deduct the interest. How do I work around this?

  • March 7, 2021
  • 1 reply
  • 0 views
Sorry, that’s all folks.

    1 reply

    DMarkM1
    DMarkM1
    March 7, 2021

    You will enter the information in TurboTax as if you have a form 1098.  You need to fill box 1, 2, 3.  Do not check box 7, but later in the interview you will answer "Yes" to the question "Is the loan secured by a property you own?".  

     

    An RV does qualify as a second home if it has kitchen and sleeping and toilet facilities. Here is a link with more discussion.

     

     

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