Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Returning Member
posted Jan 25, 2022 7:37:00 PM

Timeshare

I have a timeshare for 2 weeks - I rented it out last year for both weeks - got a 1099 misc for income -$2500 I pay $1800 maintenance fee. Where exactly can I deduct this ?? Do I just subtract it from income amount ??? I don’t see anywhere to list the maintenance fee . But previous posts say I can deduct…. 

0 1 228
1 Replies
Expert Alumni
Jan 25, 2022 8:20:59 PM

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