ANSWERS: 1
  • Hi Sherrie, this is Sherri! Your sales person is correct IF the travel trailer has a bathroom, bed, and stove! The bank does not know why you borrowed the money and since it is not secured by a principal residence, they are assuming the interest is not deductible! It is deductible and the bank needs to tell you how much you paid on the loan. There are some other numbers you need from the bank since this interest paid is not on the conventional 1098 Int, so ask them for a letter with the amount of interest paid AND their EIN number. They'll know what you are talking about!

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