[Yawnzmor]

I am new to this subject and am wondering if the property taxes on a timeshare, included on the annual statement, are deductable on your annual 1040 tax return?

[ScottGem]

Yes, under Real Estate taxes paid. But you have to itemize.

Also interest on loans to purchase a time share are deductible as mortgage interest. Though there are some limitations.

[Yawnzmor]

Thanks, every little bit helps!

Still, even though the statement is an invoice that breaks down the property taxes, maintenance fees, etc. I can use that as a reference for the claim?

Does the location (not outside the US but not within my state of residence) have anything to do with the ability to claim those property taxes?

[ScottGem]

No, its considered vacation property and the taxes on those are deductible. I've been doing it for years. The property has to be ddeded though. Contract time shares don't qualify.

[Yawnzmor]

It's deeded.

Thanks for the info.