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Financial Planning / Tax Strategies


Subject:  Re: deductions for timeshare Date:  6/7/1998  5:20 PM
Author:  captc Number:  4132 of 127753

I'm far from expert in these matters, but here goes anyway. You should get this checked out with a real tax expert before trusting these suggestions:

I believe that under certain circumstances, your timeshare week(s) can be considered a second home. And thus, if you have a mortgage to pay for those weeks, you can deduct interest payments.

The other expenses are deductible, to my mind, only if you are using the timeshare weeks as rental property. In that case, travel expenses to "inspect" your property can be deducted, as well as other expenses involved with advertising and so forth.

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