PatriciaV
Expert Alumni

Investors & landlords

The income you received from selling timeshare "points" must be reported on your tax return, usually as Other Income as this is not a rental activity. Go to Less Common Income and enter this as Hobby Income. This allows you to report related expenses, up to the total amount of income you report. Possible expenses include administrative costs for points sold, dues for belonging to the timeshare organization, and other incidental fees for marketing the points.

 

You don't need to enter income from Form 1099-MISC under that topic in TurboTax. As long as you include the income on your tax return, you have satisfied the reporting requirements.

 

@Glukowski1 

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