Mortgage Interest on Timeshare

[jerrycross]

I received a 1098 from Holiday Inn Vacation Club.  Is the mortgage interest deductible and if yes, where is it entered?

[JohnB5677]

Possibly,  The timeshare can be considered a second home.  However, you are only allowed the mortgage interest deduction on two home.

If you only have your primary home, and the timeshare, you will be able to include the interest.

[RussandJill]

I have a similar situation, but can't seem to find where to include the loan interest in the Turbotax software.

[MarilynG1]

Mortgage Interest reported on Form 1098, is entered in the Deductions and Credits section, under 'Your Home'.

Here's more info on Mortgage Interest on Timeshares.

@RussandJill