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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1 Best answer

New Member

Jun 5, 2019 11:38:55 PM

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).

New Member

Jun 5, 2019 11:38:55 PM

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).