No, you cannot deduct the loss on the sale if it was a personal-use timeshare, unfortunately. Timeshares are considered personal assets and losses are not allowed. You don't have to report the timeshare sale unless you received form 1099-S for the sale.
Time share sale data entry:
No, you cannot deduct the loss on the sale if it was a personal-use timeshare, unfortunately. Timeshares are considered personal assets and losses are not allowed. You don't have to report the timeshare sale unless you received form 1099-S for the sale.
Time share sale data entry: