I have 1099-s forms from the sale of time share trust which I rolled into new time share trusts. How do I handle these?
Assuming you are not using this as rental property, you report
the sale of your time share trust as a sale of a second home (capital asset), and
you treat the purchase of the new time share as a second home.
I have 1099-s forms from the sale of time share trust which I rolled into new time share trusts. How do I handle these?
Assuming you are not using this as rental property, you report
the sale of your time share trust as a sale of a second home (capital asset), and
you treat the purchase of the new time share as a second home.
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