I received a 1099a from Wyndham timeshare. box 2 has $36,351.62 in it
box 4 has $80,388.54 in it. box 5 is checked. box 6 has vacation ownership interest written in it. Do I report this as income? If so, on what line of the 1040 does it go . and do I have to fill in any other form. I've read that if a 1099C did not come with it , it does not have to be reported as income. Any clarification of this would be greatly appreciated. Thanks
