Due to the amenities that RV resorts offer—as well as the laid-back lifestyle they facilitate—many people are inclined to live in these parks year-round. If you want to make your recreational vehicle your primary residence, there are a few factors you need to consider. This guide outlines what you should know about the tax logistics before calling this type of campground home.

What Constitutes a Primary Residence?

According to the IRS, a primary residence is a domicile that has designated sleeping areas, a bathroom facility, and cooking capacity. In addition to permanent structures like standalone houses and condo units, boats, mobile homes, and RVs are considered recognized residences.

However, just because you can claim an RV as a primary house doesn't automatically mean you should. On your tax return, you can only claim one main residence. If you spend exactly half of your time in an RV and the other half elsewhere, the facts and circumstances might allow you to choose between either as your home base. The best option will come down to the one that offers the most benefits.

What Are the Benefits of Claiming an RV as a Primary Residence?

If your primary residence is financed with a secured loan, at least a portion of the interest you pay is deductible; this can amount to thousands of dollars each year. A secured loan is backed by the asset in question. In this case, it would be the RV. Mortgages and car notes are other common examples of secured loans, whereas personal loans and revolving credit card balances are unsecured.

Unless you live in a state that does not assess sales tax, you may also be eligible for the motor home sales tax deduction. Whether you purchased the RV new or used, you may be able to include the amount you paid under the General Sales Tax section on your Schedule A paperwork or Form 1040. 

By maximizing these and other deductions when completing your return each year, you can reduce your tax burden significantly. You may even get a refund back, which you can put toward RV resort fees, making the entire arrangement even more pragmatic and affordable.

When you're ready to live in an RV full-time, consider parking at Robert's Mobile Home and RV Resort. This family-owned and -operated facility is just minutes from the beach in St. Petersburg, FL. The RV resort has been hosting both short- and long-term residents for more than 60 years. From 24-hour bathhouses and coin laundry machines to electric and water hookups, they've got everything your family needs to thrive. Learn more about this exceptional RV resort online, and call (727) 477-6820 to reserve your space.