Interest deduction on RV loans

[Sundancer330]

Originally Posted by troutslayer

The info about not being able to deduct interest on pull-behinds is a ruse. It's someone on the internet stirring up trouble.

I don't know where you get your info but this is how the bill stands at this point.

The new tax will allow a deduction of interest on mortgages up to $750,000, for purchases of first and second homes, which can include RVs, but only motorized ones.

The new law only allows deduction for “any self-propelled vehicle designed for transporting persons or property on a public street, highway, or road,” which does not include towable RVs such as travel trailers and fifth wheels.

[troutslayer]

Originally Posted by Sundancer330

I don't know where you get your info but this is how the bill stands at this point.

The new tax will allow a deduction of interest on mortgages up to $750,000, for purchases of first and second homes, which can include RVs, but only motorized ones.

The new law only allows deduction for “any self-propelled vehicle designed for transporting persons or property on a public street, highway, or road,” which does not include towable RVs such as travel trailers and fifth wheels.

Well, check this out and let me know if you think this is more likely.
http://www.rv-dreams.typepad.com