Surprise: RV Owners Qualify for Mortgage Interest Deduction—Most Miss Out

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**Surprise: RV Owners Qualify for Mortgage Interest Deduction—Most Miss Out**

If you own an RV equipped with a bed, a stove, and a toilet, the IRS treats it as a home. That classification opens the door to deducting the interest on your RV loan just as you would mortgage interest on a traditional house. Yet many recreational‑vehicle owners remain unaware of this tax perk, leaving potential savings on the table.

**Key Developments**
Recent IRS guidance reiterates that a dwelling qualifies for the mortgage interest deduction when it provides basic sleeping, cooking, and sanitation facilities—criteria met by most modern RVs. Tax professionals note a rise in inquiries from full‑time RVers and seasonal travelers after a 2023 Tax Court case affirmed the deduction for a motorhome used as a primary residence. Despite the clarification, industry surveys show that fewer than 30 % of RV owners claim the interest, often because they assume the benefit applies only to site‑built homes.

**Industry Analysis**
The oversight stems from a mix of misinformation and complexity. Many owners rely on dealership financing that does not automatically issue Form 1098, the statement lenders use to report mortgage interest. Without that document, taxpayers may overlook the deduction or fear triggering an audit. Tax advisors recommend keeping detailed loan statements, payment records, and a copy of the RV’s title to substantiate the claim. Furthermore, the deduction is subject to the same limits as traditional mortgage interest—$750,

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