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posted Jun 4, 2019 11:03:27 PM

I just paid off paid off one of my timeshares and I have not received any tax forms. Should I have real estate taxes to claim?

I have information on the loan principle and interest paid on my timeshare, but no real estate taxes.

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Level 7
Jun 4, 2019 11:03:28 PM

For a timeshare, only mortgage interest and property taxes (if paid in 2016) are deductible.

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

 Maintenance and other assessments are not deductible

In the event of an audit you will need to be able to document mortgage interest and property taxes paid in 2016.