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Jonathan Tierney
Jonathan Tierney, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 307
Experience:  Tax Accountant at Praxair, Inc.
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Re: 2015 rebate on the purchase of an RV in 2015. I am a senior

Customer Question

Re: 2015 rebate on the purchase of an RV in 2015. I am a senior citizen and RV is now my full time residence. Purchased the RV in Scottsdale, AZ late August 2015.
My taxes for 2015 were done by AARP group on 4/16/16
Submitted: 6 months ago.
Category: Tax
Expert:  Jonathan Tierney replied 6 months ago.
Hi, my name is ***** ***** I can help. Rebates. are considered refunds of. amounts already paid so the RV rebate would not be taxable income that would need to be reported on your tax return. Instead, it would reduce your basis (cost) in the RV. I hope this answers your question. Please let me know if I can clarify anything or answer any additional questions.Thanks, Jonathan