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Are RV/Boat Loans Tax Deductible?

April 26, 2017boat deductible Loans RV tax

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Are RV/Boat Loans Tax Deductible?

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At FindRV, we are not specialists related to Tax Matters as it relates to RV/Boat Loans and it is always best to have your CPA answer questions such as this. However, we are told from experts in this industry that if an RV will be used as a personal residence or if you plan to rent or lease your RV/Boat as part of a legitimate business, there are substantial tax benefits that can be realized on an annual basis. We suggest that you contact a CPA or other competent tax specialist to analyze and review your personal financial situation. Due to the size of several RV/Boat Loans we see in the marketplace, it is always good idea to brainstorm with your CPA to discuss the overall impact on your personal income tax situation now and through the desired term of owning your RV/Boat. If your CPA does not have the skills necessary, give us a call and we can recommend CPA’s that handle these types of matters for existing clients.