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Published by Eva Rosenberg, MBA, EA

Issue 318      July 22, 2005
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TaxMama's Secrets

Vacant Lot

 

From: Evergreen CO

Dear TaxMama,

I bought 38 acres of vacant land.

I also bought an RV, which qualifies as a 2nd home for tax purposes.

If I place the RV on the land, can I write off the mortgage interest on both the land and the RV?

Thank you so much for your time and effort.

I really appreciate it.

Bill

 

 

Dear Bill,

You bet!

Best wishes,
Eva Rosenberg, MBA, EA

 

SMALL BUSINESS TAXES MADE EASY - How to Increase Your Deductions, Reduce What You Owe, and Boost Your Profits


 
 
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