Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 3, 2019 12:29:58 PM

I received a form 1099A for a timeshare foreclosure. How do i use turbotax to enter the info? Or do i need to enter any info. Is this a reportable tax event?

0 2 2681
2 Replies
Expert Alumni
Jun 3, 2019 12:29:59 PM

No, you don't need to report it since this Form 1099-A related to personal property.

 

[Edited 3-10-2020|11:40 am PST]

New Member
Jun 3, 2019 12:30:00 PM

TurboTaxHelenC, thank you for the quick response.  I just learned that my timeshare is "deeded" and not "right-to-use".  It is my understanding that "deeded" timeshares are considered real estate and not personal property.  If that's true, do I still need to use the 1099A?