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Get your taxes done using TurboTax
Be sure to select second home under Other Investment. See Where do I enter the sale of a second home, an inherited home, or land on my 2024 taxes?
If you used the timeshares for personal use, they are like a second home and the loss is not deductible. If your business used them for business meetings, they could be a business asset. If you always rented them out for income, they could be a rental property.
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‎February 21, 2025
12:33 PM