KrisD15
Expert Alumni

Deductions & credits

If the Timeshare qualifies, it would be considered a "Second Home".

 

The property must be deeded, and the mortgage must be secured by the property (have a lien on it by the Lender). 

If you already have a primary home and a second home, the Timeshare would be "other" and the interest would not be deductible. 

 

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