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July 2, 2024
Question

Do I need to report the sale of a vacation time share if I sold the property for a loss?

  • July 2, 2024
  • 1 reply
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1 reply

July 2, 2024

if you got a 1099-S the answer is yes because the IRS will be looking for the reporting. However, a lss on sale of personal residence is not deductible.