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For a timeshare, only mortgage interest and property taxes are deductible. To be deductible, the loan must be secured by the property.
Maintenance and other assessments are not deductible
For a timeshare, only mortgage interest and property taxes are deductible. To be deductible, the loan must be secured by the property.
Maintenance and other assessments are not deductible
For a timeshare, only mortgage interest and property taxes are deductible. To be deductible, the loan must be secured by the property.
Maintenance and other assessments are not deductible.
the question wasn't answered: Where or what form Not if is deductible
If you rent your timeshare out, you can deduct your maintenance fees on Schedule E for the period it is rented out.
If your timeshare is solely a vacation property, the maintenance fees are not deductible anywhere on your individual income tax return.
Expensing Business Property Can I Deduct Maintenance Fees for a Timeshare?
Where on schedule e ? So I deduct the fees from the income received ?
Sch E line 8 is for commissions and fees. Cleaning and maintenance is line 7, taxes line 16. You should have a breakdown of your fees from the Timeshare. See also:
IRS Pub 527 for Rental Property
About Schedule E (Form 1040), Supplemental Income and Loss
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