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?

2005 Newell 45 Ft.

Detroit 60 Series 515 HP Engine

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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.

Forest & Cindy Olivier
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2004 Chevy Silverado Z71
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"You don't have a soul. You are a soul, you have a body." C.S.Lewis
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Old 10-01-2012, 02:56 AM   #3
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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.

If Ain't a Newell, It Ain't Wurt Oonin!
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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.
1983 Newell Coach
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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.
Larry & Hedy Brachfeld
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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.
Jay Wolfe
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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.

Clint C. Johnson / Fran Balm
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