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Level 2
June 5, 2019
Solved

Timeshare termination fees

  • June 5, 2019
  • 1 reply
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Can I deduct the cost a company charged me to terminate my  timeshare?
Best answer by CherylW

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

1 reply

CherylWAnswer
Level 11
June 5, 2019

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

fdscott2Author
Level 2
June 5, 2019
Thanks for the quick response and clear explanation. Very satisfied. Thanks....