Can any part of a timeshare membership be used when filing income taxes?
Posted on July 25, 2010
I recently bought a timeshare membership in the Bahamas, I was told that the interest can be written off as a second home expense. I bought 2 weeks, is this true?
July 25th, 2010 - 04:24
No. A second home is considered more than 2 weeks. You actually have to own the property outright, not just a piece of it.