Can I deduct the property taxes paid on my time shares?

johnedwardpeckle · ‎May 10, 2021

HelenC12 · ‎May 11, 2021

Yes, if you use the time share for personal use, you can deduct real estate taxes on a time share (second home).

Real estate taxes (also called "property taxes") for your main home, vacation home, or land are an allowable deduction if they're based on the assessed value of the property and the property is for your own personal use.
To read the entire TurboTax FAQ, see Can I deduct property (real estate) taxes?

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Esther28 · ‎February 8, 2022

Where do i deduct these taxes? I paid taxes in Florida on a time share i have there.

MayaD · ‎February 8, 2022

Yes, you can deduct the property taxes on your time share.

Login to your account.
Select Federal from the left menu.
Go to Deductions and Credits.
Scroll down to Property Taxes.
Answer Yes to the question "Did you pay property or real estate taxes in 2021?"
Enter the amount paid in the box next to Additional homes or land

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