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January 22, 2025
Question

Can I deduct maintenance fees for time shares?

  • January 22, 2025
  • 1 reply
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These are annual fees paid every January.

    1 reply

    January 22, 2025

    Generally, you can't deduct maintenance fees for your timeshare unless you are renting the property or otherwise using it for business purposes. However, you can deduct mortgage interest (if your timeshare is considered your second property) and real estate tax paid.