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Bought a timeshare from Westgate Resort. Can I claim the mortgage interest.In Box 8 shows Westgate Town Center Timeshare interest.
Box 8 shows Westgate Town Center, does it mean that the property is secured by Westgate ? Can I still deduct the mortgage interest?
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Bought a timeshare from Westgate Resort. Can I claim the mortgage interest.In Box 8 shows Westgate Town Center Timeshare interest.
You can absolutely deduct this mortgage interest as a second home.
Note: Mortgage interest can only be claimed on a maximum of two homes (main home and a second home).
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Bought a timeshare from Westgate Resort. Can I claim the mortgage interest.In Box 8 shows Westgate Town Center Timeshare interest.
You can absolutely deduct this mortgage interest as a second home.
Note: Mortgage interest can only be claimed on a maximum of two homes (main home and a second home).
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