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Article Date:
June 2012

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Finding Tax Deductions for Your Timeshare When You Use It Personally and/or Rent It

Last month you learned that business use of your timeshare produces business deductions.


The timeshare subject to the special rules discussed in this article is a timeshare used for



personal purposes only,


rental purposes only, or


personal and rental purposes.


You might ask: What happened to business use? Answer: You first deduct the business use and then ignore it for the personal and rental use, as explained in the article titled “Tax Guide to Deducting Your Timeshare Stays as Business Lodging Costs.”


Deducting Mortgage Interest on the Timeshare


The mortgage interest rules allow you to deduct mortgage interest on your main home and one additional home that you select.1


You may select the timeshare as a second home for mortgage interest deduction purposes if it qualifies as a residence. The timeshare can qualify as ... Log in to view full article.

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