When it comes time to sell your timeshare, you may not make a lot of money. In fact, in this tough economy your timeshare may actually be sold at a loss. If that’s the unhappy situation you face, you’ll need to know if you can deduct that loss come tax time. As is often the case with the tax law, the rules are pretty tricky. Which is why I urge you to read my brand new … [Read more...]
Timeshares
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How to turn your timeshare into a hefty deduction
Do you have a timeshare? Do you use it for business only? If you’re answering “Yes,” I’ve got some good news for you… You qualify for maximum tax benefits! That’s right. Because you’re using your timeshare for “business lodging” only, your timeshare escapes the awful restrictions imposed by the “vacation-home” rules. Personal use? If you use your timeshare for both … [Read more...]
How to turn your timeshare into a business
Owning a timeshare can be fun. But getting away from the office and actually using it can be a problem. The good news is that, if you have employees, you can create nice business tax deductions for your personal timeshare when you’re unable to use it yourself. Want to find out how? You’ll get the whole story when you read our new article titled Tax Tips: Create a Business … [Read more...]