I bought a timeshare in Aspen, Colorado. My ownership gives me two weeks every year that I can use or swap for weeks in other locations. What strategies should I follow to deduct the timeshare on my tax return? (C.T.A., Ames, Iowa)
Your number one choice is to use the timeshare solely for business lodging. If you never rent the timeshare to another, you escape the dreaded vacation-home rules and may deduct your business lodging costs.
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