Free 7 Day Trial RV GPS App RV Trip Planner Campground Reviews RV Maintenance Free 7 Day Trial ×

Thread Tools Search this Thread Display Modes
Old 10-12-2003, 06:54 AM   #1
4 Rivet Member
joshua32064's Avatar
Join Date: Sep 2003
Posts: 276
Images: 3
Airstream's are Tax Deductible


I don't knwo if everyone is aware of this, but if you finance your RV, your interest is tax deductible. I am attaching a short article I found on

What if your real estate circumstances are a bit brighter? Say, for instance, you're able to swing a vacation home on the lake. You're in tax luck. Mortgage interest on second homes is fully deductible. In fact, your additional property doesn't have to strictly be a house. It could be a boat or RV, as long as it has cooking, sleeping and bathroom facilities. You can even rent out your second property for part of the year and still take full advantage of the mortgage interest deduction as long as you also spend some time there.

But be careful. If you don't vacation at least 14 days at your second property, or more than 10 percent of the number of days that you do rent it out (whichever is longer), the IRS could consider the place a residential rental property and axe your interest deduction.

I hope that this helps someone who may have not been taking the deduction.
joshua32064 is offline   Reply With Quote
Old 10-12-2003, 07:50 AM   #2
Rivet Master
ALANSD's Avatar

1966 26' Overlander
Woodstock , Georgia
Join Date: Feb 2002
Posts: 8,523
My Airstream is paid for, do you know if it can be depreciated, or any toher way to attempt a write-off? Just curious
ALANSD is offline   Reply With Quote
Old 10-12-2003, 08:01 AM   #3
4 Rivet Member
joshua32064's Avatar
Join Date: Sep 2003
Posts: 276
Images: 3
I am not a CPA, but I believe that if you are not paying interest on the RV, the only other deduction that you could possibly take, is if you use the RV for business. Even then, if you did claim that your RV was used for business, you only get a deduction after your business travel related expenses exceed 2% of your salary.

I hope that helps.
joshua32064 is offline   Reply With Quote
Old 10-12-2003, 08:14 AM   #4
Silvertwinkie's Avatar
2004 25' Safari
. , Illinois
Join Date: Feb 2003
Posts: 10,476
In most cases, if you buy your Airstream and make payments, the interest is tax deductible the same as a home mortgage It's my understanding that the IRS looks at an RV as a home.

Computers manufactured by companies such as IBM, Compaq and millions of others are by far the most popular with about 70 million machines in use worldwide. Macintosh fans note that cockroaches are far more numerous than humans and that numbers alone do not denote a higher life form. -NY Times 11/91
Silvertwinkie is offline   Reply With Quote
Old 10-12-2003, 08:25 AM   #5
Rivet Master
garry's Avatar
1969 31' Sovereign
Broken Arrow , Oklahoma
Join Date: Jan 2003
Posts: 1,455
Images: 7

If paid for how about second mortage for home repair to cover the cost of major upgrades? Would this qualify for a tax break ?

garry is offline   Reply With Quote
Old 10-12-2003, 08:41 AM   #6
4 Rivet Member
joshua32064's Avatar
Join Date: Sep 2003
Posts: 276
Images: 3
The IRS definitely views an RV as a second dwelling. As with a home, you are allowed to deduct the interest which you pay on your trailer.

Regarding a second mortgage, as long as you are paying interest on it, that is absolutely tax deductible. What you decide to use the money for is up to you.
joshua32064 is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
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
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
VSD Magazine featured Airstreams yukionna Airstream "In the News" 25 09-28-2003 07:02 PM
When did Airstreams ... mikey Our Community 4 08-22-2003 03:28 PM
Do they Still Make Airstreams? Steph Our Community 18 08-19-2003 06:21 PM
Financing Travel Trailer as 2nd Home Tax Deduction Mrs Silverback Our Community 8 07-11-2003 06:03 PM

Featured Campgrounds

Reviews provided by


This website is not affiliated with or endorsed by the Airstream, Inc. or any of its affiliates. Airstream is a registered trademark of Airstream Inc. All rights reserved. Airstream trademark used under license to Social Knowledge LLC.

All times are GMT -6. The time now is 06:52 AM.

Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.