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Discussion

Need your opinions please

Hello all, we are new on this forum so please excuse any errors. Hubby and I are doing travel nursing now going into our 3rd assignment and we have considered purchasing an RV in which to live in while doing this. We plan on traveling for the next 4-5 years and have been told that we can write offf the payments as a second mortgage. I have heard of others doing the same thing but have never really talked to them about it. I am a little scared that we will not be able to get our money out of it after we are finished traveling, also afraid that we may not be able to find a place to park it on some of our assignments. Does anyone have any experience with this? If so, what have you found to be the ups and/or downside of it? Can we deduct the payments on taxes? Any info would be great.

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Hi, I have a friend who is a CPA, I could ask him. Anyways, although I don't have any hard experience or proof to back it up, my gut says you could deduct it as a business expense somehow.

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Hi, I have a friend who is a CPA, I could ask him. Anyways, although I don't have any hard experience or proof to back it up, my gut says you could deduct it as a business expense somehow.

Dave, I would really appreciate it if you could check with your friend about this. Although I believe you are correct I just don't want to get stuck with a payment for the next 15-20 years for something that may be hard to sell when we decide we are finished traveling.

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