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Is Interest on Timeshare Loans Tax Deductible?

The interest on timeshare loans is indeed tax deductible, but only for certain owners. These owners qualify for the aforementioned tax deductible on timeshare loans if said loan is secured as a mortgage by the timeshare. Further, another qualifying factor is that those owners have to deduct no other mortgage interest save that which is on their primary home. A reason that only certain owners qualify for this arrangement is because most timeshare loans fail to qualify on account of them being written as consumer loans instead of as mortgages. For more information, read our feature Can You Deduct Interest Expenses on Timeshare Loans?