topic Purchase club membership in 2001 for $15,000 and sold in 2016 for $7500 in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/purchase-club-membership-in-2001-for-15-000-and-sold-in-2016-for-7500/01/657559#M265452 <P>received 1099-B for $7500</P><P>received letter documenting original $15,000<BR /></P> Thu, 06 Jun 2019 09:16:52 GMT fgbrower 2019-06-06T09:16:52Z Purchase club membership in 2001 for $15,000 and sold in 2016 for $7500 https://ttlc.intuit.com/community/taxes/discussion/purchase-club-membership-in-2001-for-15-000-and-sold-in-2016-for-7500/01/657559#M265452 <P>received 1099-B for $7500</P><P>received letter documenting original $15,000<BR /></P> Thu, 06 Jun 2019 09:16:52 GMT https://ttlc.intuit.com/community/taxes/discussion/purchase-club-membership-in-2001-for-15-000-and-sold-in-2016-for-7500/01/657559#M265452 fgbrower 2019-06-06T09:16:52Z Unless this membership was part of a trade or business, i... https://ttlc.intuit.com/community/taxes/discussion/unless-this-membership-was-part-of-a-trade-or-business-i/01/657563#M265453 <P>Unless this membership was part of a trade or business, it's a personal loss than can't be deducted from your taxes. &nbsp;In that case there's nothing to report.</P> Thu, 06 Jun 2019 09:16:53 GMT https://ttlc.intuit.com/community/taxes/discussion/unless-this-membership-was-part-of-a-trade-or-business-i/01/657563#M265453 RichardG 2019-06-06T09:16:53Z