AmyC
Expert Alumni

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.

@JStaxer 

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