From WestgateResorts.com…..
If you’re like many property owners out there, you’ve often wondered which timeshare losses and fees are tax deductible and if there’s more that your ownership can do for you in terms of lessening your tax burden. And happily, being timeshare owner can sometimes help in this area, by providing a number of potential avenues for tax relief depending on your type of ownership. Your vacation ownership can be a terrific investment, but does your timeshare qualify for any of the same kinds of deductions which other properties might afford you? In order to answer this, you first have to understand that there are a few, particular kinds of deductions you may have the ability to claim, based on which kind of vacation ownership you’ve got and the way you choose to utilize it.
