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I received notice that I paid approx $850 in interest on my timeshare loan in 2000. The notice also says I need to determine the extent of deductions available to me for income tax purposes, as this amount may not be fully deductible. Can you help with this or tell me where I can get that information?

IRS Publication 936. A timeshare can count as one of the two residences producing deductible mortgage interest.

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Phil Marti
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