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Deductions & credits
No. You will not normally be able to deduct the interest paid if your timeshare week is through a long-term lease, also known as a “right-to-use” or “points-based” arrangement.
Your timeshare can carry the same tax deductions as a house, as long as it's a deeded real estate interest.
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.
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February 16, 2021
11:53 AM