Can you Claim a Timeshare on your Taxes?

Timeshare Loan Interest If you buy a deeded week of timeshare from Festiva, Bluegreen, or any other reputable timeshare company the loan interest is deductible. Consumers that purchase a right to use lease or points-based arrangement cannot deduct the interest on those types of loan arrangements. Your deeded week must appear in the loan document as the security for the loan so you can take full advantage of your deduction when filing your taxes. If…

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Why Are Timeshares Bad?

Timeshare Bee Gone always wants to put timesharing in perspective.  The good the bad and the ugly will be the topic of this discussion.  So many people type in the search engines the question “Why Timeshares are Bad” and I will address that first. Timeshares can be bad because a family will go on vacation participates in a timeshare presentation and they purchase a timeshare and they cannot really afford it.  The financial pressure of…

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Are Timeshares A Good Investment?

First of all, it is considered an illegal practice to sell timeshare as an investment. To sell investments you have to be licensed. Real Estate stocks are investments but timeshare itself has never been wrapped up into REIT STOCK and sold as a security. In layman’s terms, timeshare should not be considered an investment. Timeshare weeks do not appreciate over time.  When you purchase a timeshare you are purchasing a deeded week of property, but…

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How Timeshares Work

The timeshare industry got its start in the 1960s. The first account of this through my research at Timeshare Bee Gone was in the French Alps’ at a ski resort.  Alexander Nette and his partner invented the concept of timesharing. A timeshare as we know it today is a piece of property that can be single we have multiple dwelling units. I single or property or any unit attached to a whole property is divided…

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Are Timeshares Worth It?

Timeshares have been around since the 1960s and millions of people around the world own timeshares.  The big developers like Bluegreen, Westgate, Diamond, Hilton, Disney, and Marriott are selling billions of dollars in timeshare every year. Do we have consumers out there that buy a timeshare that they cannot afford? Yes, it happens all the time where a week is purchased by a person or family, and on paper, they can afford it but in…

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