Tax Implications

[Jay & Valerie]

I know RVs count as a 2nd home and therefore qualify for tax deductions (mortgage interest).

If you finance a CI, does it also qualify?

I am guessing not because there is no toilet option and I think to qualify, it requires sleeping, cooking and toilet.

Anyone know for sure?

This impacts how I choose to finance the purchase.

 

[dhutchin]

My local credit union wrote me a loan called a travel trailer loan. They didn't ask about the particulars.

 

[Van_and_Terri]

We were told it needed a bathroom to qualify as a second home according to our bank.

 

[Evan]

Does a PETT toilet count?

 

[nwhiker]

I was a little short on cash when I purchased mine so my credit union just gave me a loan on a vehicle I owned. No hassle but that's the way credit unions are. Dave