It depends. You can deduct interest paid on a boat if it has sleeping, cooking, and toilet facilities. The IRS allows you to claim mortgage interest on two homes, so a boat that has sleeping, cooking, and toilet facilities would qualify as a second home. Enter your mortgage interest in Mortgage Interest and Refinancing (Form 1098). Type mortgage interest in Search in the upper right Click Jump to mortgage interest Say Yes to Did you pay any home loans in 2020? Continue past Get Ready to be Impressed On Let’s Import your tax info, select Change how I enter my form On How do you want to add your 1098? select Type it in myself On Do any of these uncommon situations apply to your loan? select The seller is financing this loan and I didn't receive a 1098 Fill in the rest of your information

Question

Where do I enter the interest on my motorhome?

Forum|Forum|5 years ago
January 9, 2021
1 reply
0 views

No text available

TurboTax Deluxe Online

E

ErnieS0

It depends. You can deduct interest paid on a boat if it has sleeping, cooking, and toilet facilities. The IRS allows you to claim mortgage interest on two homes, so a boat that has sleeping, cooking, and toilet facilities would qualify as a second home.

Enter your mortgage interest in Mortgage Interest and Refinancing (Form 1098).

Type mortgage interest in Search in the upper right
Click Jump to mortgage interest
Say Yes to Did you pay any home loans in 2020?
Continue past Get Ready to be Impressed
On Let’s Import your tax info, select Change how I enter my form
On How do you want to add your 1098? select Type it in myself
On Do any of these uncommon situations apply to your loan? select The seller is financing this loan and I didn't receive a 1098
Fill in the rest of your information