topic We have sold multiple timeshares during 2016, taking a loss on all of them. How do we get a deduction for our losses? in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/we-have-sold-multiple-timeshares-during-2016-taking-a-loss-on-all-of-them-how-do-we-get-a-deduction/01/103329#M12877 Sat, 01 Jun 2019 04:33:10 GMT kdglade 2019-06-01T04:33:10Z We have sold multiple timeshares during 2016, taking a loss on all of them. How do we get a deduction for our losses? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/we-have-sold-multiple-timeshares-during-2016-taking-a-loss-on-all-of-them-how-do-we-get-a-deduction/01/103329#M12877 Sat, 01 Jun 2019 04:33:10 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/we-have-sold-multiple-timeshares-during-2016-taking-a-loss-on-all-of-them-how-do-we-get-a-deduction/01/103329#M12877 kdglade 2019-06-01T04:33:10Z If these timeshares are for personal use, the losses cann... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/if-these-timeshares-are-for-personal-use-the-losses-cann/01/103340#M12880 <P>If these timeshares are for personal use, the losses cannot be deducted.</P><P>If you were renting out your timeshares for profit, and depreciating your interests, you can claim a loss to the extent the net sale proceeds are less than your adjusted basis. <BR /></P> Sat, 01 Jun 2019 04:33:12 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/if-these-timeshares-are-for-personal-use-the-losses-cann/01/103340#M12880 RichardG 2019-06-01T04:33:12Z