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10-01-2012, 02:11 AM
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#1
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Senior Member
Join Date: Feb 2011
Posts: 118
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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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2005 Newell 45 Ft.
Detroit 60 Series 515 HP Engine
Some people call me the Space Cowboy
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10-01-2012, 02:34 AM
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#2
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Senior Member
Join Date: Sep 2008
Location: Thibodaux, LA
Posts: 1,221
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I think the only thing you can claim is the interest payments.
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10-01-2012, 03:56 AM
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#3
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Senior Member
Join Date: Sep 2006
Location: Sugarland, TX or Salida,CO
Posts: 1,867
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Quote:
Originally Posted by folivier
I think the only thing you can claim is the interest payments.
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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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Sean
If Ain't a Newell, It Ain't Wurt Oonin!
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10-01-2012, 04:02 AM
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#4
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Senior Member
Join Date: Dec 2007
Location: Armenia, Wisconsin
Posts: 278
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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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1983 Newell Coach
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10-01-2012, 02:33 PM
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#5
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Senior Member
Join Date: Jun 2011
Location: Home base is Palm Beach, Florida
Posts: 449
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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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Larry & Hedy Brachfeld
2003 Double Slide, Detroit 60
Coach # 646
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10-17-2012, 08:12 PM
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#6
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Senior Member
Join Date: May 2010
Posts: 270
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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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Jay Wolfe
2005 Newell Coach
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10-18-2012, 04:15 AM
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#7
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Senior Member
Join Date: Jan 2012
Location: Southwest NM
Posts: 346
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Ours is a mobile office. My tax guy says we can also get depreciation.
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Clint C. Johnson / Fran Balm
Coach 289 '92 42'6" 8V92 Hybrid
Several Toads:
XL-7
F-350 4X4 Crewcab
F-250 4X4 Crewcab
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