ret5055
New Member

2019 i sold back a timeshare. While i recd back less than I paid for it, i know i have to report the sale even though there is no gain or loss. how do i do that

I sold my timeshare back to timeshare company and recd 1099-S.  I recd much less than originally paid for timeshare that i used only for personal use.  I know i cannot claim a loss, but it looks so confusing as how to report this using TurboTax and wonder if I should just go to regular tax preparer.  I am afraid i will enter it incorrectly.