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TomLo
New Member

Is the Local Tax as well as the property tax for a timeshare deductible

I have a Wyndham timeshare and the assessment summary has line items for Property tax and for Local tax. Is the Local tax deductible?

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PaulaM
Expert Alumni

Is the Local Tax as well as the property tax for a timeshare deductible

Timeshare deductibles would fall under the same rules for other second homes. You can deduct the property taxes you pay, but not the local tax.

However, if you rent your timeshare out, then the local tax could be deductible along with other rental expenses.

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1 Reply
PaulaM
Expert Alumni

Is the Local Tax as well as the property tax for a timeshare deductible

Timeshare deductibles would fall under the same rules for other second homes. You can deduct the property taxes you pay, but not the local tax.

However, if you rent your timeshare out, then the local tax could be deductible along with other rental expenses.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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