Are there any things that I can deduct from the timeshare that I own?

[gators70]

My timeshare annual statement shows Real Estate Tax, Maintenance Fees, Reserve Fee and Special Assessment fees from hurricane damage.  Also, if my timeshare is rented out by facility do I have to claim the amount paid to me as rental income, and where do I do that?  Do I have to pay self employment tax on that?   If so, can I deduct the commission fees they charged me?

[M-MTax · Accepted solution]

Deduct the expenses that relate to the rental portion by the number of days rented....commissions are deductible from your rental income which must be reported on SCH E or SCH C if substantial services are provided to the renters.....you should be using a tax pro for your returns.