I received a 1099s form for the sale of my Disney timeshare

Forum|Forum|4 years ago
February 11, 2022
1 reply
11 views

Do I need to enter State and State ID if we only used timeshare for personal use

TurboTax Online

Vanessa A

Level 15

Yes, when you sell your personal property it can still be subject to capital gains taxes. So, if you have a 1099S, you would enter it exactly as it appears on your forms. As you walk through the entries if you do not see where to enter the state and state ID, you will just click "I have more info to enter that I don't see here" that will give you the drop downs to enter your state information.

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columbo-01Author

Level 2

Do you know if we use the state we live or the state of the timeshare? It was a Disney timeshare we sold our points. How do I find the state ID?

ThomasM125

Level 15

You won't need to enter a state ID. Florida does not tax personal capital gain income, so you don't need to file a Florida income tax return. You just enter the sale in the federal portion of TurboTax and the income will flow down to the state tax return for the state you live in, if they have a state tax.

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