@jgrimes295wrote:@DMarkM1I see that you answered this question some time ago so I wanted to ask if the RV as a second home qualifications have changed since 2021?
I'd also like to ask a follow-on question if you have a moment. Regarding the RV: As a 100% teleworker, would I would very likely be working from the RV a large percentage of the year. Would I still be able to use the home-office deductions that I currently use for my office at our brick-and-mortar home? Since that's usually a calculation based on square footage, and I'd likely be working from both our home and the RV, I'm curious to hear how that could be calculated.
Thanks in advance for any opinion you may have on this.
Nothing has changed in the tax law regarding deducting the loan interest on an RV as interest on a second home for the itemized deduction for mortgage interest. Note that the loan must be secured by the RV; an unsecured loan, credit card loan, or other loan not secured by a lien on the RV is not eligible for the mortgage interest tax deduction. If you are in a state that charges a personal property tax, you can deduct all your personal property taxes up to the $10,000 cap on all state and local taxes (SALT).
The problem with using an RV as your place of business is the requirement to use your home office exclusively for work. The exclusive requirement is fairly easy to meet if you have a spare bedroom that you set up as a home office, and never use except for business (no personal use). If you had an RV parked on your property and the RV was your exclusive home office, you could deduct your expenses. But if you have an RV that you use for personal travel and work, could you honestly say that a portion of the RV is set aside exclusively for work? Also, your home office must be your regular place of work, and you can only have one regular place of work. If you have an office in your house, you can't also have an office in your RV, because you can't have two regular places of work.
