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  • A few of the most common links here on the forums for newbies and guests!

Tax-Deductible TS Property Taxes & Mortgage Interest

Grammarhero

Official TUGBBS Rescission Master
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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.”
 

TUGBrian

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pedro47

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Thanks for sharing both posts.
 

Grammarhero

Official TUGBBS Rescission Master
TUG Lifetime Member
Joined
Jun 9, 2019
Messages
3,081
Reaction score
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Location
Washington, DC Area
Resorts Owned
Wyndham Grand Desert 77k, VV Williamsburg 4L/4 & 2/2
Former: Wyndham 276k, HGVC South Bend 1/1
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