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Can Any Part of a Timeshare Membership Be Used When Filing Income Taxes?

I recently bought a timeshare membership in the Bahamas, I was told that the interest can be written off as a second home expense. I bought 2 weeks, is this true?

  1. Your #1 fan
    June 22nd, 2011 at 19:19 | #1
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    No. A second home is considered more than 2 weeks. You actually have to own the property outright, not just a piece of it.

  2. Lilly W
    June 22nd, 2011 at 19:19 | #2
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    Ask Uncle Sam.

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