Timeshare. I just got to the ?? Is this loan secured by a property u own? Says check box 8 for an addy. Our 8 just says Vacation ownership. So is my loan secured or not?

atunker · ‎January 31, 2026

Its for a timeshare property

MaryK4 · ‎February 1, 2026

Because you got the 1098, it most likely qualifies as a secured property. For the Home Mortgage deduction, an interest in the property via deed qualifies. If it were a membership or a contract for points type of timeshare, the interest would not be deductible. Box 8 can have Vacation ownership as the description so once again the loan is secured by your property interest.

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Timeshare. I just got to the ?? Is this loan secured by a property u own? Says check box 8 for an addy. Our 8 just says Vacation ownership. So is my loan secured or not?