Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
B
barbaraannskitch
March 3, 2023
Question

I have a Wyndham timeshare loan (their "Access" contract type). I have a 1098 for the loan, can I deduct that on my taxes?

  • March 3, 2023
  • 1 reply
  • 0 views
No text available

1 reply

M
MayaD
March 3, 2023

You can deduct interest on a timeshare if it is deeded and recorded in public records and it meets all the requirements for deducting mortgage interest.

You can claim Mortgage interest on a maximum of two homes (main home and a second home)

 

For more information please check: Can I deduct the mortgage interest on a timeshare?

 

To enter form 1098 form on your return:

  • Login to your account.
  • Select Federal from the left menu.
  • Go to Deductions and Credits.
  • Select Your Home and scroll down to Mortgage Interest, Refinancing and Insurance.
**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
    TurboTax Sign In Widget
    TurboTax flag icon

    Unlock tailored help options in your account

    Create an account
    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Terms & ConditionsCookie settingsAccessibility statement
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2022 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
    of Intuit Inc. Terms and conditions, features, support, pricing, and service options
    subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by
    C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    Accessibility

    TRUSTe nResult Certified e-File C-Level Security Certification