My husband and I purchased additional timeshares last year. Funding from our previous purchases was applied toward the new purchase. No money exchanged hands and we traded dollar for dollar the amount we had originally paid toward the new sale. We received a 1099-S in the mail showing we received proceeds from the sale. I've tried calling the company numerous times and I've left several messages and never received a call back. How do we handle this. Do we need to report the proceeds on the1099-S?
