Do you use your timeshare for personal and business lodging only?
If so, celebrate, celebrate! You qualify for maximum tax benefits.
Your business lodging at your timeshare escapes the dreaded restrictions imposed by the vacation-home rules.
Thus, with only business lodging and personal use of your timeshare, you can qualify the timeshare for both business and personal tax benefits. This article shows you how.
Rule One
Rule one for maximum tax benefits from a timeshare is: do not rent it out or offer it for rental.
If you rent your timeshare to others, you complicate your tax-deduction life. You can still get some benefits, as we will discuss in next month’s article on rental of a timeshare, but not as many as are described in this article.
In this article, we deal with only two types of timeshare use:
1.
Your use of the timeshare for business purposes
2.
Your use of the timeshare for personal purposes ... Log in to view full article.
