When I read this FAQ from the IRS, there is specifically a question about the RV being eligible for the first time homebuyer credit. I thought the answer is/was very interesting.
Here is the text :
So, you have to really be careful – and a little bit bold I think. It isn’t all perfectly lined up by the Gov either. For example, it sounds like a 5th wheel or travel trailer WOULD be eligible for the first time home buyer credit IF you live in it full time BUT a Class A motorhome would NOT be eligible if you read the FAQ because it DOES have a motor – which is baloney.
But if you want the sales tax deduction that was enacted in 2009, you can get it on Motorhomes but you can’t get it on 5th wheels or travel trailer because they DON’T have a motor.
Related posts:
- RV is defined as "Home" in IRS Home Interest Deduction
- Can RV Fulltimers utilize the Home Buyer Tax Credit?
- Repeat Home Buyer Tax Credit may be available to FullTime RV’ers
- Leveling our RV the First Time
- Leveling our RV the NEXT Time Correctly
