Is The Amount I Pay For Maintenance On My Timeshare Deductible ?
Generally, Yes. Timeshares can be considered second homes for mortgage interest deductions. Most timeshares can take advantage of the mortgage interest rules depending on the type of timeshare it is. Speak to your local CPA to determine the classification of the timeshare such as either a "fee simple" or "deeded" or "right to use" timeshare. This classification will determine its deductibility.
Note If you need professional help with "Rental Expenses" or have other tax questions, we can help you find a local licensed CPA for a free, no-obligation consultation.