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July 12, 2020
Question

Timeshare

  • July 12, 2020
  • 1 reply
  • 0 views

We sold our timeshare this in 2019. We sold at a loss. We received a 1099 for the final sale amount. How do we claim our loss?

    1 reply

    Employee
    July 12, 2020

    Losses from the sale of a personal use timeshare are deemed to be personal losses and are not deductible at all.

    algonzo24Author
    July 12, 2020

    Thanks!