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Get your taxes done using TurboTax
No. You can deduct interest on a timeshare if it is deeded and recorded in public records and it meets all the requirements for deducting mortgage interest.
Mortgage interest can only be claimed on a maximum of two homes (main home and a second home). If you have mortgages on two homes and a timeshare, you won’t be able to deduct the mortgage interest on one of those properties.
Unfortunately, homeowners' association (HOA) fees paid on your personal residence are not deductible. If you rent the timeshare, you may be able to deduct the HOA fee as a rental expense.
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March 24, 2025
5:45 PM