1099S

Hutton53 — Sun, 29 Mar 2026 14:01:09 GMT

This came 2/12. Sold Disney Time Share. The income that it shows was used to pay off mortgage on DVC ownership.

Re: 1099S

DaveF1006 — Wed, 01 Apr 2026 21:52:09 GMT

Since a timeshare is a capital asset, you report the sale in the Investment Income section:

Go to Federal > Wages & Income.
Find the section for Investment Income and select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other.
When asked what type of investment you sold, select Other (or "Second Home/Personal Property" if listed).
Enter the Proceeds exactly as shown on Box 2 of your 1099-S.
Enter your Cost Basis. This is what you originally paid for the Disney Vacation Club (DVC) interest, plus any closing costs from the original purchase.
Finsish out the section.