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R
Redcedar
July 26, 2022
Question

Sale of our timeshare (sch D)? Is this the proper sch to report onwhether there is profit or a loos?

  • July 26, 2022
  • 1 reply
  • 0 views
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1 reply

M
Mike9241
July 27, 2022

yes

You will treat this as the sale of a capital asset. (However, Losses from the sale of a personal use timeshare are deemed to be personal losses and are not deductible)

see this thread for guidance

https://ttlc.intuit.com/community/tax-credits-deductions/discussion/entering-sale-of-timeshare/00/410413#:~:text=Entering%20sale%20of%20timeshare.%20Once%20you%20are%20in,%28jump%20to%20full%20list%29%20Scroll%20down%20the%20 

 

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