Do I say YES, to the question "Do you own a home?" if I have a timeshare?

[pwdrbluangel]

I do not own a home, I have rented mine for the last 7 years. I do have a timeshare though. This is my first year filing while owning it, so I am not sure if it would be considered owning a home. I have not actually stayed at it yet either. Would I answer YES when they ask "Do you own a home?" ?

[Mike9241]

the reason for the question is that if you enter yes Turbotax will ask questions about mortgage interest and taxes

You can deduct the mortgage interest on a time share if:

1) You own the time share (you are not renting it),

2) You are treating it as your second home,

3) You are legally obligated to pay mortgage on the timeshare and the loan is secured by the property

[xmasbaby0]

TIME SHARE

https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-credits-deductions/deduct-mortgage-i...