Can I claim my newell as a second home for tax reasons? - Luxury Coach Lifestyles
Reply
 
Thread Tools Display Modes
 
Old 10-01-2012, 01:11 AM   #1
Will Procter
Senior Member
 
Will Procter's Avatar
 
Join Date: Feb 2011
Posts: 118
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

Some people call me the Space Cowboy
Will Procter is offline   Reply With Quote
Old 10-01-2012, 01:34 AM   #2
folivier
Senior Member
 
folivier's Avatar
 
Join Date: Sep 2008
Location: Thibodaux, LA
Posts: 1,221
Default

I think the only thing you can claim is the interest payments.
__________________

__________________
Forest & Cindy Olivier
1998 Newell 45' 2 slide #486
2004 Chevy Silverado Z71
2013 RZR 570LE

"You don't have a soul. You are a soul, you have a body." C.S.Lewis


https://www.luxurycoachlifestyle.com/...php?albumid=14
folivier is offline   Reply With Quote
Old 10-01-2012, 02:56 AM   #3
NewellCrazy
Senior Member
 
NewellCrazy's Avatar
 
Join Date: Sep 2006
Location: Sugarland, TX or Salida,CO
Posts: 1,867
Default

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.
__________________
Sean

If Ain't a Newell, It Ain't Wurt Oonin!
NewellCrazy is offline   Reply With Quote
Old 10-01-2012, 03:02 AM   #4
GringoPhil
Senior Member
 
GringoPhil's Avatar
 
Join Date: Dec 2007
Location: Armenia, Wisconsin
Posts: 278
Default

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
GringoPhil is offline   Reply With Quote
Old 10-01-2012, 01:33 PM   #5
lbrachfe
Senior Member
 
lbrachfe's Avatar
 
Join Date: Jun 2011
Location: Home base is Palm Beach, Florida
Posts: 449
Default

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
2003 Double Slide, Detroit 60
Coach # 646
lbrachfe is offline   Reply With Quote
Old 10-17-2012, 07:12 PM   #6
jWolfe
Senior Member
 
jWolfe's Avatar
 
Join Date: May 2010
Posts: 270
Default

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
2005 Newell Coach
jWolfe is offline   Reply With Quote
Old 10-18-2012, 03:15 AM   #7
ccjohnson
Senior Member
 
ccjohnson's Avatar
 
Join Date: Jan 2012
Location: Southwest NM
Posts: 346
Default

Ours is a mobile office. My tax guy says we can also get depreciation.
__________________

__________________
Clint C. Johnson / Fran Balm
Coach 289 '92 42'6" 8V92 Hybrid
Several Toads:
XL-7
F-350 4X4 Crewcab
F-250 4X4 Crewcab
ccjohnson is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
6V92 engine Turbo and Boost 2StrokeDiesel Major Mechanicals 1 08-25-2012 06:03 PM
Cellular signal amplifiers chockwald High Technology for the Big Rig RV 6 09-17-2009 03:37 PM
Another "what's that switch?" folivier Major Mechanicals 7 06-08-2009 06:58 PM
another newbie question on transmission encantotom Major Mechanicals 5 07-01-2007 12:09 AM

» Featured Campgrounds

Reviews provided by

Powered by vBadvanced CMPS v3.2.3
Disclaimer:

This website is not affiliated with or endorsed by Newell Coach Corporation or any of its affiliates. This is an independent, unofficial site.


All times are GMT. The time now is 11:48 AM.


Powered by vBulletin® Version 3.8.8 Beta 4
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
×