Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Still need to file? Our experts can get your taxes done right. Get started >
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
rogerlorna
Returning Member

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?

1 Best answer

Accepted Solutions
Ashby
New Member

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).

View solution in original post

1 Reply
Ashby
New Member

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).

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies
v
ABCDEFGHIJKLMNOPQRSTUVWXYZabcdefghijklmnopqrstuvwxyz0123456789-_~