Can I deduct the interest if I have a Form 1098 from my Timeshare but Box 8 only says Vacation Ownership Interest and not a physical address?

Forum|Forum|6 years ago
June 1, 2019
2 replies
0 views

My timeshare is a Points based timeshare that I can use at any of their properties

TurboTax Deluxe Online

Best answer by JulieR

Yes. The following are the rules for deducting mortgage interest on a timeshare property.

https://ttlc.intuit.com/replies/3301121

JulieRAnswer

Yes. The following are the rules for deducting mortgage interest on a timeshare property.

https://ttlc.intuit.com/replies/3301121

RussandJill

This post is old, and the link is not viable. Is the information available somewhere else?

AmyC

Employee

A timeshare can be considered a second home like an RV. Your primary and secondary home mortgage interest is deductible.

Qualified Home For you to take a home mortgage interest deduction, your debt must be secured by a qualified home. This means your main home or your second home. A home includes a house, condominium, cooperative, mobile home, house trailer, boat, or similar property that has sleeping, cooking, and toilet facilities

from About Publication 936, Home Mortgage Interest Deduction

@RussandJill

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