If your timeshare is your only other home aside from your main home, you may deduct the interest as a secondary home. To do this in TurboTax:
- In the Federal > Deductions & Credits section of your return, scroll down to Your Home and click Revisit/Start next to Mortgage Interest and Refinancing (Form 1098)
- Add another 1098.
- Answer the questions and enter or verify the information as it appears on your 1098
- Answer What kind of property is this loan secured by? with Second home.
