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Old 06-24-2008, 05:58 AM   #11
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Hey Travel... tell us more about that second home thing. Do you have to "prove" that it's used in business to qualify?
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Old 06-24-2008, 06:15 AM   #12
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We camp from mid April to mid November, when it gets cold and I can't stay out side it's time to winterize. I prefer to be in my house where I have more room then confind in a box, after all I can't put my pool table in the camper!
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Old 06-24-2008, 05:26 PM   #13
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Not enough!
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Old 06-24-2008, 08:30 PM   #14
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Well, none so far, but then we pick up the new trailer July 5th.

We will be camping the night of the 5th and stay out until July 12th.
3 days Labor Day weekend.
4 to 5 days in October.
Might go somewhere weekend after Thanksgiving.
Week after Christmas go somewhere, maybe the Georgia Coast or Gulf Coast.

So you see, we're making up for lost time!!
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Old 06-24-2008, 08:36 PM   #15
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Ask him again

Quote:
Originally Posted by TravelSoftballDad View Post
At least 14 nights per year...just ask my tax guy. If it was only 13, I would not be able to write the rig off as a second home.
My CPA says there is no day count. All that is required is the unit be "self contained" meaning it has a full bathroom and water/electrical such that you really could comfortably live in the thing for an extended period.

Ask your tax guy again.

Not that it matters, how they gonna prove whether you did or did not stay so many days??
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Old 06-24-2008, 08:37 PM   #16
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Since Jan 1 of this year, we're at about 30. Plenty more to come in 08, we probably use it around 50 days per year.

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Old 06-25-2008, 06:36 AM   #17
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Hummm...thanks Radio. She specifically asked me how many days and explained it needed to be 14 nights. In addition, you are correct, the rig needs to be self-contained, have a restroom, kitchen (or eating space), and (oddly enough) a closet.

There is no need to "prove" the use thus far. EandS...you're good to go in writing off the interest paid (and I think taxes paid) as a second home if you meet the above listed. Vehicle registration fees are deductable too. In California, our registration fees are outta control. Now...I'm not a tax guy or CPA, so you'll need to check with your own. Radio's CPA had a slightly different definition then mine.
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Old 06-25-2008, 10:05 AM   #18
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Qualified Residence Interest Defined

I have been a Income Tax Preparer for a number of years. You can use the interest you pay; Qualified Residence Interest Defined "A qualified residence includes the principal residence of the taxpayer and one other residence (i.e. vacation home) that is not rented out at any time during the tax year, or that is used by the taxpayer for a number of days exceeding the greater of 14 days or 10 percent of the number of days that it is rented out at a fair rental value." ( Code Sec 163(h)(4)(A))
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Old 06-25-2008, 10:38 AM   #19
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Booo-yahh...thanks Phil.
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Old 06-27-2008, 04:30 PM   #20
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I think we were at 80 last year and are presently at 40 days camped for this year.
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