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How to turn your timeshare into a hefty deduction

May 1, 2012

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 business lodging and personal purposes, you can qualify the timeshare for both business and personal tax benefits!

Sound good? You’ll get the whole story when you read my new article titled Tax Tips: Tax Guide to Deducting Your Timeshare Stays as Business Lodging Costs.

Three ways our fact-filled article can help you:

  1. We’ll explain Rule #1 for maximizing tax benefits from a timeshare. Put simply, the rule is “never rent out your timeshare.” You see, if you don’t rent your timeshare to another party, you can take advantage of a wonderful exception in the tax law. We’ll explain this clearly and simply when you read the full article.
  2. We’ll tell you how to get treated like a Member of Congress. Your representative in Washington gets a great tax break on business lodging and you can too. You’ll find out how when you read the full article.
  3. We’ll provide a whole lot more information, too. We’ll cover renting to relatives, charity use, swaps, how to identify and claim deductions, and lots more. You’ll get the whole story when you read the full article.

Filed Under: Depreciation, Featured Articles, Home, Rental Properties, Tax Planning, Timeshares, Vacation Homes

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