I'm still dealing with mortgage interest not allowed on the 6251 on a couple of returns. It's been very hard because of many refi's, accounting for the amount paid off, the points in the various years, etc.
Now I have a question about a timeshare as a second home. You add back into AMT mortgage interest on a non qualified dwelling. A qualified dwelling is any house, apartment, condominium, or mobile home not used on a transient basis.
Do you think that a timeshare is by definition used on a transient basis?
Transient: "Remaining in a place only a brief time: transient laborers. ...
One that is transient, especially a hotel guest or boarder who stays for only a brief time."
It sounds like it doesn't it?
Now I have a question about a timeshare as a second home. You add back into AMT mortgage interest on a non qualified dwelling. A qualified dwelling is any house, apartment, condominium, or mobile home not used on a transient basis.
Do you think that a timeshare is by definition used on a transient basis?
Transient: "Remaining in a place only a brief time: transient laborers. ...
One that is transient, especially a hotel guest or boarder who stays for only a brief time."
It sounds like it doesn't it?
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