For sale of a timeshare, how is that reported and where does the sales commission get reports that was paid to the broker?

Sold a time share for a loss and the broker took their commission, where on turbo tax does that get reported?

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If the timeshare was used for personal purposes such as vacations, then a loss is not deductible because no personal losses are allowed to offset taxable income.

If this was an investment with no personal use then you can enter your sale. The information below will get you started in the right direction.

https://ttlc.intuit.com/replies/5165545

i RENTED MY TIMESHARE FOR 7 DAYS AND RECEIVED A 1099K. IS REVENUE TAXABLE? HOW DO I REPORT IT? THOUGHT IRS ALLOWED UP TO 14 DAYS WITHOUT MAKING RENT TAXABLE

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For sale of a timeshare, how is that reported and where does the sales commission get reports that was paid to the broker?

For sale of a timeshare, how is that reported and where does the sales commission get reports that was paid to the broker?

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