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Level 2
Jul 12, 2020 6:10 PM UTC
Question

Timeshare

We sold our timeshare this in 2019. We sold at a loss. We received a 1099 for the final sale amount. How do we claim our loss?

    2 replies

    Level 15
    Jul 12, 2020 6:17 PM UTC

    Losses from the sale of a personal use timeshare are deemed to be personal losses and are not deductible at all.

    algonzo24Author
    Level 2
    Jul 12, 2020 6:53 PM UTC

    Thanks!