Solved: I paid $4,000 to timeshare exit team to get out of our timeshare legally. Can I deduct this?

I paid $4,000 to timeshare exit team to get out of our timeshare legally. Can I deduct this?

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If you rented the timeshare as a business, you can deduct this expense as a loss on your investment.

If your timeshare was for personal use only, you cannot deduct costs associated with exiting a timeshare.

If you rented the timeshare as a business, you can deduct this expense as a loss on your investment.

If your timeshare was for personal use only, you cannot deduct costs associated with exiting a timeshare.

I paid $4,000 to timeshare exit team to get out of our timeshare legally. Can I deduct this?