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April 11, 2022
Question

Is the interest from an RV loan deductible as a second residence and if so, where is it entered n TurboTax?

  • April 11, 2022
  • 1 reply
  • 0 views
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1 reply

AmyC
Employee
April 11, 2022

Yes, go to Federal Deductions and Credits. Enter the interest as mortgage interest for a second home like this:

  1. Click the blue add a lender button
  2. Enter Lender name 
  3. Continue
  4. Second home
  5. Continue
  6. None of the above
  7. Enter information - interest, any principal amount between $1-$750,000 is fine, mortgage/ purchase date
  8. Continue
  9. Yes, secured
  10. Continue
  11. No points
  12. Continue
  13. Most recent, yes
  14. Continue
  15. Original, yes
  16. Continue
  17. Continue

 

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