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Deductions & credits
You can only deduct interest on a primary residence and one second residence. The interest on the third residence will not be deductible. A timeshare is treated as a residence for this purpose. You will need to choose which timeshare to designate as the second residence.
See this TurboTax help article for more information about claiming interest on a timeshare.
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‎February 3, 2024
11:13 AM