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03-02-2015, 06:54 AM
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#1
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Senior Member
Join Date: Jun 2014
Location: Saint Louis
Posts: 235
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US Bank Interest Statement
Our previous RV loan was through Bank of the West, and every year I received an interest statement for tax purposes. As I completed my taxes this year, I was unable to locate a statement from US Bank who holds the loan on our new RV. DW called them, and was informed that they don't send statements for RV loans!
So, despite the fact that IRS allows interest deductions, they won't send a statement! Knowing this, I can track it myself going forward, but I haven't figured out how to get the data for 6 months of 2014.
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2012 Ford Expedition EL Limited
2014 Passport 2510RB
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03-02-2015, 07:05 AM
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#2
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Senior Member
Join Date: Mar 2014
Location: colorado
Posts: 209
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Quote:
Originally Posted by jkohler70
Our previous RV loan was through Bank of the West, and every year I received an interest statement for tax purposes. As I completed my taxes this year, I was unable to locate a statement from US Bank who holds the loan on our new RV. DW called them, and was informed that they don't send statements for RV loans!
So, despite the fact that IRS allows interest deductions, they won't send a statement! Knowing this, I can track it myself going forward, but I haven't figured out how to get the data for 6 months of 2014.
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I refinanced with bank of the west, my CPA had to go to the local branch to have them print a statement.
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2007.5 Silverado 3500 HD,DRW, LTZ red, afe II airbox w/ torque tube, transferflow 56 gal replacement tank,
banks speed brake, transgo jr shiftkit, aux trans cooler, b&w companion hitch.
2010 Fuzion FZ 302 has 12ply F-loads, Dexter ez-flex w/ wet bolts, 6 volt Deka GC 15 batteries, 1 gen battery, solarpanels, leds inside, replaced clear textured door glass with tinted, 87 gallons of loc-tite.
Decals removed.
AKA CONFUZION / PORH HONKY.
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03-02-2015, 07:26 AM
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#3
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Senior Member
Join Date: Jan 2014
Location: Colorful Colorado
Posts: 798
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My February bill showed my 2014 interest paid.
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Current:
'17 Winnebago Vista 31BE / Wife, pesky Eski and loco Toto dog
Former:
'15 Open Range 256BHS / '05 F350 CCLB RWD V10
'14 Keystone Passport 238ML / '13 GC Trailhawk Hemi
RIP Birch (pitbull)
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03-02-2015, 07:37 AM
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#4
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Senior Member
Join Date: Jun 2014
Location: Saint Louis
Posts: 235
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Thanks! My DW handles bill paying. I'll have her locate it.
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2012 Ford Expedition EL Limited
2014 Passport 2510RB
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03-02-2015, 07:52 AM
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#5
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Senior Member
Join Date: Feb 2013
Location: MA
Posts: 3,153
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I would say they should be able to give you the number you need without getting it on a piece of paper, give them a call. You can generally find this info online as well.
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2013 Premier 31BHPR
2014 F350 6.2L
Soon to be just DW and I
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03-02-2015, 11:44 AM
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#6
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Member
Join Date: Sep 2011
Location: CO & NM
Posts: 38
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the policy varies from bank to bank on whether they issue a 1098 for RV loans. the bank is not required to issue one since not all RV loans qualify as mortgage interest. But 1098 or not, you're still entitled to claim the deduct, if you qualify. The data required should be available from your monthly statements, or request a year end or year to date summary from the bank (some will charge a small fee for this).
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03-02-2015, 11:59 AM
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#7
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Senior Member
Join Date: Jun 2014
Location: Saint Louis
Posts: 235
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Thanks for the advice. DW works across the street from a US Bank branch. She was able to obtain a statement.
I don't want to give the government any more than absolutely necessary! They'll just spend it.
__________________
2012 Ford Expedition EL Limited
2014 Passport 2510RB
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03-12-2015, 02:32 AM
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#8
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Senior Member
Join Date: Nov 2012
Location: Prince George Va
Posts: 1,300
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jkohler70 they wont spend it ,They will just give it to other countries instead of taking care of our own problems.Just saying.
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2008 F350 chipped and bagged 6.4 power stroke crew cab 4x4.2013 384pk Raptor (Gravy Train) 2006 Fatboy w/18inch ape hangers,2006 883c sporty,Army wife Kim,Cocoa (The Boarder Collie) and Rebel (The English Bulldog) (THE RICH RAGE WAR,BUT ITS THE POOR THAT DIE)
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03-12-2015, 04:53 AM
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#9
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Site Team
Join Date: Mar 2011
Location: Gaylord
Posts: 26,839
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The OP has received the answer to his question and now has the information he needs to complete his accounting of interest paid toward his RV mortgage. So, before this becomes too political, the thread is closed.
__________________
John
2015 F250 6.7l 4x4
2014 Cougar X Lite 27RKS
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