Where on form do we file our interest pd on camper?

Forum|Forum|2 years ago
February 1, 2024
1 reply
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Where do we claim our interest on our tax forms for our camper which is our home.? We do not own land it sits on.

Best answer by JohnW152

If the interest you pay on your camper is considered mortgage interest you can deduct it, but only if you itemize deductions using Schedule A. See the TurboTax Help article Can I deduct my mortgage interest? for more information.

To enter, mortgage interest in TurboTax Online:

Open TurboTax Online
Select Tax Home in the left pane
On the Hi, let's keep working on your taxes! screen, select the dropdown on the right side of the Deductions & Credits box, then select Start, Continue, or Pick up where you left off
On the Your tax breaks page, scroll down and select the dropdown to the right of Your Home
Select Start or Revisit to the right of Mortgage Interest and Refinancing (Form 1098)
On the Did you pay any home loans in 2023? page, select Yes
Enter all relevant information on the ensuing pages

@Paceythedog12

[Edited 2/1/2024 | 12:48 pm PST]

xmasbaby0

Employee

If the camper has facilities for cooking, sleeping and a toilet, you can enter the interest paid as if it is a "second home" in Federal>Deductions and Credits>Your Home

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Paceythedog12Author

Our camper is our main home we live in. We own no other home. We rent lot it sits on. Where do we deduct interest pd yearly on tax forms. We do not own land. It's our home.

JohnW152Answer

To enter, mortgage interest in TurboTax Online:

Open TurboTax Online
Select Tax Home in the left pane
On the Hi, let's keep working on your taxes! screen, select the dropdown on the right side of the Deductions & Credits box, then select Start, Continue, or Pick up where you left off
On the Your tax breaks page, scroll down and select the dropdown to the right of Your Home
Select Start or Revisit to the right of Mortgage Interest and Refinancing (Form 1098)
On the Did you pay any home loans in 2023? page, select Yes
Enter all relevant information on the ensuing pages