topic I had asked this question recently but didn't get a response, I have a time-share, there is a annual payment, how do I deduct this payment? in Deductions & credits

I had asked this question recently but didn't get a response, I have a time-share, there is a annual payment, how do I deduct this payment?

deellington — Sat, 01 Jun 2019 02:17:02 GMT

I have taking a deduction on this payment for sometime.

If this is an annual maintenance fee, it's not deductible...

Opus 17 — Sat, 01 Jun 2019 02:17:04 GMT

If this is an annual maintenance fee, it's not deductible, unless you are renting the time share and reporting rental income. in which case it may be a rental expense. As your personal residence, the fee is not deductible unless it includes mortgage interest for your purchase of the time share.