topic Re: Income from Timeshare Rental in Get your taxes done using TurboTax

Income from Timeshare Rental

FriarBob — Wed, 11 Feb 2026 05:24:22 GMT

So I used my Marriott timeshare points to reserve 6 nights at a facility in June 2023. I then could not use and put it up for rental I received a 1099-K from Redweek the agency I used to rent the 6 nights. So on my Turbo Tax do I declare it as Real Estate Rental or Personal Property Rental Income. Can I deduct the maintainence fees associated with the points along with Redweek fees.

Re: Income from Timeshare Rental

DianeW777 — Mon, 25 Mar 2024 22:06:52 GMT

Yes, you can enter it as real estate rental. it would be reported on Schedule E and the expense for maintenance fees could be a deduction only for the amount of rental days divided by the total days either in the year or for the timeshare period of time you own. You may be asked if you own the rental and you must answer 'Yes'. Do not add any assets.

There would be no depreciation and possibly no other expenses that might apply for a timeshare. Please update if you have more questions and we can help.

Re: Income from Timeshare Rental

FriarBob — Tue, 26 Mar 2024 13:27:32 GMT

Thank you for the quick response. I own Marriott timeshare deeded weeks and vacation club points. This rental involved the use of points. So when I get to question if I own the property I say yes? I get a separate maintenance fee for all of my vacation club points so can I divide that fee by the number of vacation club points I have to come up with a per day maintenance fee to be deducted from income.

thank you

Re: Income from Timeshare Rental

DianeW777 — Tue, 26 Mar 2024 14:56:36 GMT

Yes, you must say yes to move forward with the rental income. Per IRS Publication 527: You can collect rent from property that you don't own.

If you rent your apartment to others (or a timeshare would be similar), you can usually deduct, as a rental expense, all the maintenance fees you pay to the cooperative housing corporation (or timeshare owners).

@FriarBob

Re: Income from Timeshare Rental

FriarBob — Tue, 26 Mar 2024 18:59:37 GMT

It’s me again! I tried to process the 1099 K on timeshare rental and got completely lost trying to fill out schedule e in how it relates to my timeshare rental. Is there a process where I can get advice on a fee basis from Turbo Tax to complete schedule E. Never filled one out before. Only thing holding me from completing my filing.

Regard

Clueless Bob

Re: Income from Timeshare Rental

DianeW777 — Tue, 26 Mar 2024 19:37:40 GMT

It's not necessary to fill out a 1099-K (it's not really a fill-in form) for your rental income. Simply put the income on the Schedule E,,

Sign into your TurboTax return
Search > type rentals > Click the Jump to... link
If you already started the rental select Edit or continue to enter the information
Under Income select Edit or Start > Enter your income from the 1099-K. Keep the form in your tax file.
Continue to go back to the rental and scroll to find the expense categories you need
See the image below.

If you still want assistance you can use either link below.

@FriarBob

Re: Income from Timeshare Rental

FriarBob — Fri, 12 Apr 2024 01:44:50 GMT

Still struggling with rental income from timeshare. In 2023 I used my weeks ownership to stay three weeks at my timeshare would the additional 6 days I rented out allow me to exclude that income as a vacation home exclusion.

Re: Income from Timeshare Rental

AmyC — Tue, 16 Apr 2024 01:23:48 GMT

If you rented your second home for less than 14 days it is not taxable income. A sch E is the correct form for a rental activity but if this was just a one off thing, , I would be tempted to include it under other income. It doesn't change the tax liability and simplifies things.

1. go to the federal income section
2. scroll to the bottom
3. Miscellaneous Income, 1099-A, 1099-C, Start
4. Scroll to the bottom
5. Other reportable income, Start
6. Other taxable income?
7. Select YES
8. Description
9. Amount, enter your amount
10. Continue

@FriarBob

Re: Income from Timeshare Rental

ronBRUNO — Thu, 20 Feb 2025 10:48:05 GMT

I paid $180,000 for MVC points. Marriott is offering less than zero for them (I have to prepay a year's dues and they will accept them back with no payment).

Can I write the cost off in some fashion?

Thank you.

Re: Income from Timeshare Rental

SusanY1 — Sun, 23 Feb 2025 21:20:22 GMT

No, this is considered a personal loss and is not deductible on your tax return.

@ronBRUNO