Can a Fifth Wheel Be Considered a Second Home?
A Fifth Wheel is perfectly legal in the USA and can be considered a second home if it complies the minimal standards set by IRS Publication 936; meaning that it needs sleeping, eating, and toilet facilities (these facilities can be in the same room or in separate areas).
However, there are some considerations that Fifth Wheel owners need to understand when determining which will be the main home:
- Whether you live or use for recreation a second home, the IRS will ask information such as your address in your driver’s license, voter’s registration card, addresses of your family members, banks where you have one or several accounts, and even the places where you are a member (recreational clubs, religious organizations, private groups, etc.). The reason behind this is merely for tax purposes and being able to comply with different laws.
- Legality of the Fifth Wheel varies from State to State, so it is very important to have complete knowledge of legislation regarding the different vehicles that may be used as a second home, because some dispositions may be legal for example in California, but could be illegal in New Jersey (in the latter, this option for second home is more expensive than most states, so geographical aspects also need to be taken in account).
- On the bright side, owners may be subject to important tax deductions when let’s say, an RV is recently purchased. There is a very useful tool that helps you calculate your tax returns in the following link: https://apps.irs.gov/app/stdc/
So, it is transcendental to consider some situations before purchasing a Fifth Wheel:
- For instance, how would you adapt your daily activities with this way of living?
- How much are you willing to spend on maintenance and materials to keep your second home safe and comfortable?
- Is it suitable for a whole family?
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The truth is that a Fifth Wheel is best enjoyed for travelers and for those who enjoy a freestyle living. However, it offers more safety when riding and offers more options for upgrading on a constant basis than the traditional trailers that are more difficult to tow and expensive to maintain.
Imagine visiting your relatives in a small neighborhood and not being able to park in from of the property because your vehicle is too big. That would mean to find a place to store it, affecting your personal and most immediate necessities.
Another advantage is that you can plan a safe trip anywhere without constantly worrying about losing furniture or personal belongings.
Therefore, if you picture your trip ahead, you won’t need to do many arrangements or extra planning. You only need to set lunch breaks and approximate time lapses in order to use the bathroom.
It is important to notice that it also offers a better gas mileage in comparison to the traditional trailer vehicles.
We can all be happy campers in the most classic sense of the term.
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