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Level 1

Question

1099S

Forum|Forum|2 months ago
March 29, 2026
1 reply
7 views

This came 2/12. Sold Disney Time Share. The income that it shows was used to pay off mortgage on DVC ownership.

Not A Product Question

Level 15

Since a timeshare is a capital asset, you report the sale in the Investment Income section:

Go to Federal > Wages & Income.
Find the section for Investment Income and select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other.
When asked what type of investment you sold, select Other (or "Second Home/Personal Property" if listed).
Enter the Proceeds exactly as shown on Box 2 of your 1099-S.
Enter your Cost Basis. This is what you originally paid for the Disney Vacation Club (DVC) interest, plus any closing costs from the original purchase.
Finsish out the section.

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