Timeshare termination fees

[fdscott2]

Can I deduct the cost a company charged me to terminate my  timeshare?

[CherylW · Accepted solution]

No, you can't.

Exchange fees, membership fees or dues paid to exchange companies and expenditures paid in connection with your annual occupancy are treated as personal expenditures. Thus, they are not deductible.

https://www.redweek.com/resources/articles/timeshare-tax-deductions

[fdscott2]

Thanks for the quick response and clear explanation. Very satisfied. Thanks....