North Texas CPA Posted February 13, 2008 Report Posted February 13, 2008 If a single member LLC owns an RV, can the member still claim the interest as second home mortgage interest on his return? Quote
Bart Posted February 13, 2008 Report Posted February 13, 2008 If a single member LLC owns an RV, can the member still claim the interest as second home mortgage interest on his return? How has the LLC elected to be taxed? Quote
Gail in Virginia Posted February 13, 2008 Report Posted February 13, 2008 If a single member LLC owns an RV, can the member still claim the interest as second home mortgage interest on his return? If the LLC owns the RV, is there a business purpose for the RV, and if so can they claim 100% of the interest on the business return or Sch C? That seems like it would be a better deal. Quote
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