Time Share Expenses

[Lion EA]

I seldom have clients with time shares; their biggest problem is getting out of them. This year I have a client with a time share who rented out their whole time (2 weeks?). They gave me the 1099-MISC form Marriott Vacations. My question is if we can deduct their yearly maintenance fee on Schedule E? No personal use.

[jklcpa]

Read this topic through to the end, including the linked article.

 

[Lion EA]

That article was perfect. Thank you, Judy. Don't know why it didn't show on my search last night, maybe Time Share vs Timeshare. The linked article was very thorough.

Depreciation! I didn't even think about depreciation, because they own the right to use one unit for a set time as opposed to owning the actual building.