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Did you ever get clarification on this? I believe I am in the same situation as you with a company who handled the rental of resort timeshare locations that I had reserved and who submitted a 1099-Misc. I was asked for the property address (which I do not own) for Schedule E.
Your timeshare income is taxable, and thus, it gets reported on Schedule E. Your timeshare expenses are deductible and also get entered on Schedule E. How much you can deduct is predicated on whether you rent your timeshare for profit or not-for-profit. The income you received is likely passive income and there are limitations as to how much you can deduct against your passive income. The IRS has provided the following information regarding timeshare properties, among other properties:
In general, if you receive income from the rental of a dwelling unit, such as a house, apartment, or duplex, you can deduct certain expenses.
Besides knowing which expenses may be deductible, it's important to understand potential limitations on the amounts of rental expenses that you can deduct in a tax year.
There are several types of limitations that may apply.
Not-for-profit activities:
Rental of a dwelling unit (for profit):
Passive activity losses:
IRS: Business Property: Condo, Timeshare etc.
Thank you Patricia V as that answers my question on reporting time share rental income as I did not receive a 1099 Misc from the agency for rental less than annual Maintenance fees.
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