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Question

Mortgage Interest on Timeshare

Forum|Forum|5 years ago
February 13, 2021
1 reply
0 views

I received a 1098 from Holiday Inn Vacation Club. Is the mortgage interest deductible and if yes, where is it entered?

TurboTax Home & Biz Windows

Possibly, The timeshare can be considered a second home. However, you are only allowed the mortgage interest deduction on two home.

If you only have your primary home, and the timeshare, you will be able to include the interest.

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I have a similar situation, but can't seem to find where to include the loan interest in the Turbotax software.

Mortgage Interest reported on Form 1098, is entered in the Deductions and Credits section, under 'Your Home'.

Here's more info on Mortgage Interest on Timeshares.