Interest paid on loan to buy motor home is deductable mortgage interest, the Tax Court says. During the colder months, an I11. Couple went on the road to warmer climates in their motor home and ran their consulting businesses out of it. Since they spent at least 14 days in the motor home, it qualifies as their second home, so interest they paid on the loan to buy it is deductible. (Dunford, TC Memo. 2012-189).
The vehicle has key amenities of a house…eating, sleeping, and sanitary facilities. The couple had tried to claim that the motor home’s operating expenses as a home office, but were rebuffed because no part of it was exclusively for business purposes.