A timeshare is real estate in which one owns a partial interest. There are rental expenses associated with the partial ownership.
Some timeshares have marketable value, and some do not.
There are a couple of ways you could enter a timeshare.
As Tenant Property
If you could not sell the party’s interest in the timeshare for any signifiant value, then the best thing is to enter it as a tenant property.
To do this, go to the screen on the Case, Income & Expenses tab where you would enter real estate expenses. At the bottom of that section, you will see a button to “Add tenant expenses.”
As a Real Estate Property
If the timeshare could be sold for a significant amount, then you could enter it as a real estate property.
Enter just the value of the parties’ share as the value.
Enter the rental expenses on whatever line best reflects the expense. (The exact descriptions of the lines vary from state to state.)