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Are there any things that I can deduct from the timeshare that I own?
My timeshare annual statement shows Real Estate Tax, Maintenance Fees, Reserve Fee and Special Assessment fees from hurricane damage. Also, if my timeshare is rented out by facility do I have to claim the amount paid to me as rental income, and where do I do that? Do I have to pay self employment tax on that? If so, can I deduct the commission fees they charged me?
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‎November 22, 2020
12:05 PM