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calman12
Mar 23, 2010, 08:22 AM
Are there any tax reporting requirements for a timeshare owner?

ebaines
Mar 23, 2010, 12:01 PM
Not particularly, at least not until you sell your timeshare, or unless you rent it out. You may be able to deduct mortgage interest, if it meets the requirememts for a second home - see: Publication 936 (2009), Home Mortgage Interest Deduction (http://www.irs.gov/publications/p936/ar02.html)