http://www.siemensjobcam.com/2008-mobile-homes/
"I can claim my mobile homes and cars in my tax return?
OK, I bought a used car (06 Jeep Laredo) with about 23k miles in September 2008 and got a loan of about $ 15,000 from the bank. Then later he bought a used mobile home in October and moved in November 2008 for $ 20,000 in cash, no loans in this case. "I can claim both or either of these in my tax return? Thanks also, I'm supposed to get some kind of return the bank loan I made because I have not received anything yet and will file my morning.
You can deduct mortgage interest on your home. Interest on your Jeep will not be deductible unless you use in your business. To claim the mortgage interest you have to itemize deductions. figure your tax using the standard deduction and itemized deductions. You do not have to use itemized deductions if the standard deduction gives you a bigger refund.
The Mobile Homes “Close”