RV's and tax deductions
The in-laws just bought a new RV (yes, they'll be working until they're 112 to pay their bills, but thats another story).
They're wondering about any tax deductions they can take advantage of. I believe that they cam deduct the loan interest as a "second home" if they meet certain requirements, which it appears they do. Are there any oddball deductions (like the "hummer deduction") that can be employed?
Thought some of the RV crowd might have an angle on this. In-laws live in California, if there is a state component as well.
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.