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February 14, 2020
Question

I have a 1098 form from my timeshare what should I do?

  • February 14, 2020
  • 1 reply
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1 reply

DavidS127
February 14, 2020

It depends on whether the timeshare meets all the IRS requirements to be treated as a second home.  If so, and you itemize deductions on your tax return, you are eligible for mortgage interest and property tax deductions.

 

This TurboTax Help article explains the rules for deducting mortgage interest on a timeshare.

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