RV deprecation

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  • spanel
    Senior Member
    • Oct 2008
    • 845
    #1

    RV deprecation

    Client bought an new RV in 2022 (Pull behind 5th wheel) Rents out via Websites? Weekends

    What would be the depreciation length? If it was a building 39years. Long term Rental 27.5. Not sure how many years on an RV....

    Thanks!!

    Chris
    Tags: None
    • Rapid Robert
      Senior Member
      • Oct 2015
      • 1983
      #2
      Rental of tangible personal property (i.e not real property) is reported not on Schedule E but directly on the 1040 & Schedule 1,2, or 3 as I recall. It is probably 5 years MACRS depreciation life.
      "You said it, they'll never know the difference. Come on, we'll paint our way out!" - Moe Howard
      "That's enough! When you didn't know what you were talking about, you really had something! [to Curly]" -Moe Howard      ​

        Comment

        • Dude
          Senior Member
          • Dec 2018
          • 360
          #3
          But isn't an RV allowed to be considered a second home and assuming the owner used it for at least 14 days or 10% wouldn't the depreciation be similar to a regular house 29.5 years?
          "Dude, you are correct" Rapid Robert

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            • Rapid Robert
              Senior Member
              • Oct 2015
              • 1983
              #4
              Also see this discussion from a few months ago along the same lines.

              RV depreciation - TMI Message Board
              https://forum.thetaxbook.com/forum/discussion-forums/main-forum-tax-discussion/309129-rv-depreciation?p=309136#post309136
              Client bought a used RV camper and stationed it at the storage facility they own. They do not travel with it and is has no personal use. It was purchased mainly to eliminate hotel costs when they travel for business. I came up with 39 years and no bonus depreciation which is not ideal for taxpayer as bonus would be better.
              "You said it, they'll never know the difference. Come on, we'll paint our way out!" - Moe Howard
              "That's enough! When you didn't know what you were talking about, you really had something! [to Curly]" -Moe Howard              ​

                Comment

                • Rapid Robert
                  Senior Member
                  • Oct 2015
                  • 1983
                  #5
                  Ha ha, just noticed your sig, Dude.
                  "You said it, they'll never know the difference. Come on, we'll paint our way out!" - Moe Howard
                  "That's enough! When you didn't know what you were talking about, you really had something! [to Curly]" -Moe Howard                  ​

                    Comment

                    • Dude
                      Senior Member
                      • Dec 2018
                      • 360
                      #6
                      An infamous moment I wanted to memorialize
                      "Dude, you are correct" Rapid Robert

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