What makes a travel trailer a tax write off?

I am planning on purchaising a self contained travel trailer...is this considered a tax write off? what if I take out a personal loan for it?What makes a travel trailer a tax write off?
Generally, no, to both questions. There are no tax write-offs for personal loans or for vehicles used for personal travel.



However, if you use it for business, you can deduct the portion of your expenses that are attribute to business use.



Also, if it is legally a mobile home, rather than a vehicle, and you can obtain a mortgage instead of a personal loan, then you might be able to deduct the interest and the real estate taxes.What makes a travel trailer a tax write off?
The key is that the loan must be secured by the home or used for deductible purposes (from Pub 936):



"For you to take a home mortgage interest deduction, your debt must be secured by a qualified home. This means your main home or your second home. A home includes a house, condominium, cooperative, mobile home, house trailer, boat, or similar property that has sleeping, cooking, and toilet facilities.



The interest you pay on a mortgage on a home other than your main or second home may be deductible if the proceeds of the loan were used for business, investment, or other deductible purposes. Otherwise, it is considered personal interest and is not deductible."What makes a travel trailer a tax write off?
You can deduct the interest on the loan you have on the trailer as mortgage interest if the trailer is fully self contained (has eating, sleeping facilities and a bathroom) as a vacation home. The same is true with houseboats.



You can deduct the mortgage interest on your first 2 homes.