06-18-2019, 01:16 PM
testcase wrote:
What is this "interest rate" you speak of?
PS: I do have a loan on my RV that I'm still paying off.
The interest is the amount you are paying above the principal borrowed for the RV loan.
The amount of interest is determined by the interest rate.
Edit: your tax guy may not want you to pay off the loan because you can deduct the interest as a second home.