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QUESTION DETAIL

Related User

Votes

If I buy a travel trailer, can I deduct it as a second home?


ANSWER


The BIDaWIZ Team's Answer:

No; the purchase is for personal use, and it is not a tax

deduction. However, you may "take out" a home equity line of credit,

to finance the purchase, and deduct the loan interest expense, on the

loan, up to the interest on the first $100K of the loan.

The BIDaWIZ Team

 

 

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