Can I claim my newell as a second home for tax reasons? - Luxury Coach Lifestyles
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Old 10-01-2012, 01:11 AM   #1
Will Procter
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Default Can I claim my newell as a second home for tax reasons?

I was informed that if you own a motor home that you could claim them as a second home on your taxes and get an exemption from it.

If this is true, could someone please tell me how this works?
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Old 10-01-2012, 01:34 AM   #2
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I think the only thing you can claim is the interest payments.
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Old 10-01-2012, 02:56 AM   #3
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Quote:
Originally Posted by folivier View Post
I think the only thing you can claim is the interest payments.
Forest is correct,

You can claim the interest payed on your Motor home as a deduction on both federal and state returns.
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Old 10-01-2012, 03:02 AM   #4
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You can only claim the INTEREST paid - assuming you took a loan out to buy the rig! NOT the cost of the rig.
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Old 10-01-2012, 01:33 PM   #5
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We use our rig in our biz and do itemize deductions and include a percentage of fuel, repair, upgrade and maint costs. We do not try to claim it as a hotel room expense, home office or second home.
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Old 10-17-2012, 07:12 PM   #6
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Yes, your Newell qualifies as a second home. A good accountant will be able to help you, they can answer all your questions.
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Old 10-18-2012, 03:15 AM   #7
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Ours is a mobile office. My tax guy says we can also get depreciation.
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