Can You Write-off Travel Trailer on Your Taxes?

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Tax Deduction for Travel Trailer

  • Requirements: primary or secondary residence with sleeping, cooking, and toilet facilities.
  • Changes in tax law for 2018: deduction of interest on travel trailer loans now limited to $750,000.
  • Must itemize deductions to claim interest on travel trailer loan.
  • Sales tax deductible unless bought in Alaska, Delaware, Montana, New Hampshire, or Oregon.

Claiming Travel Trailer as Second Home

  • A second home must have sleeping, cooking, and toilet facilities.
  • Can only deduct taxes on two homes: main home and RV home.
  • Interest paid on a loan used to purchase the second home can be deducted.
  • Real estate or personal property taxes can be deducted on any number of homes.

Tax Deductibility Conditions for Travel Trailers

  • The RV must have sleeping, cooking, and toilet facilities.
  • Interest on the travel trailer loan can be deducted for a maximum of two homes.

Business Use Deductions

  • If used for job or own business: purchase price, sales tax, repairs, maintenance, and fees are deductible.
  • Trailers must be capitalized and recovered through depreciation.
  • Business owners can deduct travel expenses directly related to business activities.
  • Keep detailed records to substantiate deductions.

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