Question:
Answers:
sure, the % of the timeshare fee that represents property taxes on the timeshare. But don't be surprised if that is a very small $$$ amount. Also, you'd have to itemize for it to be deductible. I have attached a link to timeshares to give you some more information.
Can they be charged to a business you own?
Unless you are renting out the timeshare to others the only thing that would be deductible would be the property tax and any interest you may be paying on a loan for the property. If you have rented out the unit you could take most of the maintenance fee as a deduction but you would need to in turn claim the income from the rental.
If it is a deeded ownership you will pay property taxes directly to the county. I don't believe any other fees are deductible.
This article contents is post by this website user, HiAnswer.com doesn't promise its accuracy.
More Questions & Answers...