Should you be creating a capital loss for the sale of a country club equity membership?
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jabkirk
New Member

Should you be creating a capital loss for the sale of a country club equity membership?

 
1 Reply
kerriP
Level 1

Should you be creating a capital loss for the sale of a country club equity membership?

I believe an equity membership is essentially an ownership interest in a Country Club, which makes it an asset. Then if you sell at a loss, it should be considered a capital loss.  Capital Assets can be tangible, intangible, personal or business.  

So yes it qualifies as a capital loss asset.  Good question!

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