Sale of our timeshare (sch D)? Is this the proper sch to report on
whether there is profit or a loos?
01306
1 Replies
Mike9241
Level 15
Jul 26, 2022 5:00:58 PM
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)