Manhattan Club Lawsuit

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Re: Manhattan Club Lawsuit (by Dks):

nathanz2 wrote:
Steven,
The real estate tax on a MC week is about $100 per year. Maintenance fees are not deductible unless you are in the real estate business. The interest on a MC mortgage does not qualify either unless you own more than 13 weeks (1/4 year) You may want to research your tax advice.

I pay almost $3500 on maintenance fees/taxes on a one week a year penthouse timeshare. $450 of those fees are for real estate taxes. My accountant says I can write them off and I have been.