- Joined
- Jun 9, 2019
- Messages
- 3,107
- Reaction score
- 2,521
- Location
- Washington, DC Area
- Resorts Owned
-
Wyndham Grand Desert 154k & Bali Hai 105k, VV Williamsburg 4L/4 & 2/2
Former: Wyndham 276k, HVC South Bend 1/1
From Redweek
“Summary
Normally, interest expense and/or property taxes will be the only deductible expenses in connection with your timeshare ownership. A loan must be carefully structured for you to be entitled to that interest deduction. Property taxes may be deductible for timeshares if the property tax is separately billed or separately shown on the maintenance fee billing.
This article does not cover all possible circumstances associated with timeshare-related expenses. Further, the tax results suggested herein may not be applicable in all circumstances (for example, if you take a standard deduction rather than itemizing deductions). So always consult your tax advisor before deciding how to treat an item discussed in this article.”
www.redweek.com
“Summary
Normally, interest expense and/or property taxes will be the only deductible expenses in connection with your timeshare ownership. A loan must be carefully structured for you to be entitled to that interest deduction. Property taxes may be deductible for timeshares if the property tax is separately billed or separately shown on the maintenance fee billing.
This article does not cover all possible circumstances associated with timeshare-related expenses. Further, the tax results suggested herein may not be applicable in all circumstances (for example, if you take a standard deduction rather than itemizing deductions). So always consult your tax advisor before deciding how to treat an item discussed in this article.”
Timeshares and Tax Deductions | RedWeek
Which of the various expenses associated with timeshare ownership are deductible on your U.S. income tax return? Interest expense? Property taxes? Maintenance fees? Special assessments? Other items? This article focuses on the answers to those and related questions.
