Boats and RVs
Menu Path: Deductions/Credits > Itemized Deductions > Homeowner Expenses (1098)
Interest paid on a loan to purchase a boat or RV is deductible as an interest expense on Schedule A if the boat or RV is considered your primary home or second home. The boat or RV must have cooking, toilet, and sleeping facilities. Mortgage interest is only deductible if you itemize your deductions.
Interest paid on a loan to purchase a boat or RV is deductible as an interest expense on Schedule A if the boat or RV is considered your primary home or second home. The boat or RV must have cooking, toilet, and sleeping facilities. Mortgage interest is only deductible if you itemize your deductions.
