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Wednesday, November 23, 2011

Deduct the interest on your second home


Deduct the loan interest on your RV, camper, or even your boat.
 You are allowed to deduct mortgage interest on your primary residence and one other residence.
 
The definition of what constitutes a residence is very broad and includes RV's, campers, and boats as long as they have cooking, toilet, and sleeping facilities.

This is a second home deduction.

If you want the best in tax advice please see my blog at

LarryLaveTaxman@blogspot.com or email me

LarryLaveTaxman@gmail.com

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