Mortgage interest on an RV or boat may be deductible under IRS rules if the vessel meets certain conditions (sleeping, cooking, and toilet facilities for RVs; galley, sleeping quarters, and a head for boats).
reported by one outlet so far · Reported fact · first recorded Jul 8, 5:30 AM
How each outlet reported it
cpapracticeadvisor.comUnrated · Jul 8, 12:45 AM
Mortgage interest can be deductible for an RV or boat if certain conditions are met.
Cites: IRS · Details: RV or boat must have sleeping, cooking and toilet facilities
cpapracticeadvisor.comUnrated · Jul 8, 12:45 AM
An RV is specifically designed to accommodate sleeping, cooking and toilet facilities and may easily qualify for the mortgage interest tax break.
Cites: IRS · Details: sleeping, cooking and toilet facilities required
cpapracticeadvisor.comUnrated · Jul 8, 12:45 AM
For a boat to qualify, it must have a galley, sleeping quarters and a head.
Cites: IRS · Details: galley, sleeping quarters and head