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icefire18415
New Member

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?

 
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RichardK
New Member

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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RichardK
New Member

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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