Question

Can I buy a camper

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

I would only stay there while on business.

TurboTax Live Self Employed

This type of decision will depend on your facts and circumstances.

Some things to consider when purchasing assets for a business are whether the expense is ordinary and necessary to conduct the business. The portion of the expenses for staying at the camper that have no business aspect, such as sleeping, eating, and entertaining, would not be deductible.

The interest on a loan for the camper may be deductible as a second-home if it has sleeping, cooking and toilet facilities and meets the other requirements to qualify as a mortgage and if you itemize your deductions.

For more information, see: What self-employed expenses can I deduct?