Do you have to claim timeshare property on your income taxes?

Posted by admin
jmk_jenmarie asked:


I just purchased a timeshare property with my sister who is still in college. I’m just wondering if her name is on the deed if she will have to claim that somewhere on taxes this year?

Tonya
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    • This entry was posted on Tuesday, February 24th, 2009 at 12:22 am and is filed under rentals. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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    No Responses to “Do you have to claim timeshare property on your income taxes?”

    1. David B Says:
      February 25th, 2009 at 5:01 pm

      if theres income from it whoever gets it claims it, and files it.

    2. Aggie80 Says:
      February 26th, 2009 at 8:44 pm

      The income and how do you made money most certainly if you made money most certainly if you are going to list it joint tenants tenants tenants in common what does the contract say.

    3. Judy Says:
      March 1st, 2009 at 12:59 pm

      Not until it’s sold, or if you rent it out and make money from it rather than using your time yourselves.