You own an RV and decide to rent it out for some extra cash. How do you deal with taxes? Let’s dive into understanding the section 179 deduction on your RV rental. First, it’s important to separate the different types of RV rentals. Residential Rental This is where you split your RV between personal use …
Most of you proudly identify yourself as a full-time RVer or digital nomad because you’re living your dream. You are lucky enough to travel full-time while working remotely from the road. Does this mean you can take all your costs as a travel expense? Remember, you don’t live in a sticks-and-bricks home with a typical 9-5 lifestyle like the …
Full-time RV living: Can I deduct travel expenses on my taxes? Read More »
Unfortunately, for us RV owners who full-time, some of our deductions are limited as compared to a sticks and bricks homeowner. However, there is some overlap. As an RV full-timer myself, I understand the limitation of tax deductions for RV owners. I also get asked similar questions often. Let’s dive into the top 4 questions I …
4 Possible Tax Deductions for RV owners Explained Read More »
Tracking revenue and getting paid with accounting software is a piece of cake, right? But what about finding your business’ bottom line… and calculating what you owe Uncle Sam? In a small business, maximizing your tax deductions is critical to generating a healthy bottom line. Some deductions are obvious – rent, phone, cost of goods, …
With so many questions, tax time can feel overwhelming. With this list I hope to answer some questions to aid in gathering information and staying organized throughout the year to make tax time easier. Remember each of us are individual and have individual tax needs even when we live in a RV. Feel free to reach out …