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IRS Deduction - was buyer beware
05-05-2007, 15:52
Post: #3
IRS Deduction - was buyer beware
Then pay income tax on the recap when you sell.
GregoryO'Connor
94ptRomolandCa

--- In WanderlodgeForum@yahoogroups.com, "ac7880"
wrote:
>
> Don't forget, there is no IRS deduction for the H2 Hummer as
> a "second home" or "vacation home" for any interest on loans etc.
>
> A co-worker asked me a question I never considered before:
> Can you deduct for depreciation of value on your "vacation home"
(BB
> Wanderlodge/BMC)??
>
> Dan
> 2 houses to deduct
> 94 BB BMC 37'
>
> --- In WanderlodgeForum@yahoogroups.com, "Leroy Eckert"
> wrote:
> >
> >
> > A pre-owned H2 Hummer about 35K comes standard with GPS, moving
map
> display, DVD, leather seats, electronics inverter and room for a
> large tent. It will fit in most any campground. No need for a
toad.
> Missing optional items include, bed, hot and cold running water, in
> motion Sat TV, kitchen, convection oven, bathroom and other
important
> amenities. Looks to me like 35K for a top quality FC is a steal.
> >
> > Leroy Eckert
> > 1990 WB-40"Smoke N Mirrors"
> > Niceville, FL
> > On Panama City Beach-Folks in the tents are hot---forcast high92
> > ----- Original Message -----
> > From: Mike Hohnstein
> > To: WanderlodgeForum@yahoogroups.com
> > Sent: Friday, May 04, 2007 10:35 PM
> > Subject: Re: [WanderlodgeForum] Re: buyer beware
> >
> >
> > Take heart!! Gary Miller has an exceptional example in your
price
> range. Go to http://www.millercoachworks.com FC33, ignore the sold and 47k
> asking price, it's on the market for mid 30's and a real deal at
that
> figure.
> > MH
> > ----- Original Message -----
> > From: bubblerboy64
> > To: WanderlodgeForum@yahoogroups.com
>
>
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Messages In This Thread
IRS Deduction - was buyer beware - ac7880 - 05-05-2007, 11:44
IRS Deduction - was buyer beware - Leroy Eckert - 05-05-2007, 12:18
IRS Deduction - was buyer beware - Gregory OConnor - 05-05-2007 15:52
IRS Deduction - was buyer beware - Gregory OConnor - 05-05-2007, 16:13
IRS Deduction - was buyer beware - Leroy Eckert - 05-07-2007, 09:33



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