Purchase timeshare in 2017, are the down payment, monthly, maintenance, and annual fees deductible?

[KatrinaB]

Monthly maintenance fees may be tax deductible, but only if you rent your timeshare. If you own the timeshare outright, however, you can’t deduct the maintenance fees. The down payment is not deductible but will be added to your cost basis. You will benefit from this money down when you sell your timeshare.

You can deduct mortgage interest and property taxes as long as you itemize your personal deductions on schedule a and you meet the requirements below.

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