Timeshares are a great chance to take wonderful vacations each year, but where do they fit into your financial plan? It’s important to know what to expect in regards to your taxes when buying, selling, or renting out a timeshare. Plus, like many other big expenses, timeshares have the potential to qualify for tax deductions. While we wouldn’t consider timeshares an investment, some timeshare costs can be written off and might benefit you financially. Let’s break down everything you need to know about taxes and timeshares.
By Lauren McGee