Below are the answers to your questions. Keep in mind there is no depreciation because you own space but not a unit or building.
- Yes, you can call it Timeshare and maybe add the city (Timeshare-City) where it occurred.
- You would select 'vacation or short term rental'
- Select both on the screen 'Do any of these situations apply?'
- Yes, select it was not rented all year
- Yes you will enter the days rented and the days of personal use 7/7 (you have two weeks of timeshare regardless of location)
- Select you do not own the property
- Enter the 2200 since TurboTax should split the expenses based on total days and rental days
Things to consider:
The IRS says that if you rent out your house for 14 days or fewer during the year, you don't have to report the rental income on your tax return. However, that rule would treat your timeshare as a vacation home only if you personally use it for at least 15 days during the year in addition to the days it is rented.
If you don't meet both 15-day rules, the income is taxable. This means that you must own a timeshare a minimum of three weeks at a single resort, with at least 15 days used personally. This will be reported as rental Income on Schedule E. Deductions allowed include annual maintenance fee, advertising, rental commission, property taxes (if you pay them separately from the maintenance fees) and interest on your timeshare.
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