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Get your taxes done using TurboTax
No, if you are not going to be issued a 1099 because there is nothing to report you do not have to create a sale on your return to report the $0 sale.
Since A timeshare is considered a personal capital asset and the sale is reported if a gain occurs. If you incurred a loss on the sale, the IRS doesn't allow you to deduct the loss and there is nothing to report.
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March 21, 2023
10:38 AM
1,697 Views