RVIA Economic Impact Study

The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.

Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .

RV Business Couple Lose Appeal on Tax Deduction Case

Thu Jan 19, 2017

Generally it would seem that having an RV considered a dwelling for income tax purposes would be a good deal. That classification would allow you to deduct the acquisition interest as residence interest. It was not a good result for Dellward and Judith Jackson, though.

More than two years ago, the Tax Court made a decision to deny the business deduction for a dwelling unit used by the taxpayers as a residence.

The couple appealed, but the Ninth Circuit Court released its decision to uphold the original court's ruling, which says that "no deduction shall be allowed with respect to the use of a dwelling unit which is used by the taxpayer during the taxable year as a residence," according to a story by FOrbes Magazine.

Additional Information: http://www.forbes.com/sites/peterjreilly/2017/01/18/ninth-circuit-upholds-tax-court-in-disallowing-rv-business-deductions/#28abfc453e3d