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Mortgage Interest on Time Share Property

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    #1

    Mortgage Interest on Time Share Property

    Is mortgage interest on a time share property a deductible expense?
    Last edited by khopkins21; 03-01-2007, 12:22 AM.
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    #2
    Yes if it meets the requirements of a qualified home. If rented out during the year, it must meet certain tests for rental property.

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      #3
      Deeded

      I believe if the time share is "deeded" property it qualifies for mortgage interest deduction as a 2nd home.

      Sandy

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