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Do I enter time-share expenses?

1 Reply
Level 7

Do I enter time-share expenses?

For a timeshare, only mortgage interest and property taxes are deductible.

To be deductible the loan must be secured by the property.

Maintenance and other assessments are not deductible

To enter mortgage interest:

  • Type in mortgage interest in the search box, top right of your screen, then click the magnifying glass

  • Click the jump to mortgage interest link in the search results

  • Follow to prompts and online instructions

To enter property tax deduction, enter those exact words in the search box per the above.



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