Question

We canceled our timeshares and got a 1099-A. Do we need to include these in our returns, and if so, where?

Forum|Forum|4 years ago
February 5, 2022
1 reply
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We used a timeshare cancellation company to legally get out of our timeshares. They were discharged and closed, not foreclosed on for non-payment.

TurboTax Self Employed Online

macuser_22

Employee

@jennifer-sisk-mi wrote:
We used a timeshare cancellation company to legally get out of our timeshares. They were discharged and closed, not foreclosed on for non-payment.

Corrected post.

A 1099-A is for your information and not entered in a tax return. Id you also received a 1099-C then that must be entered.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**