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New Member
posted Jun 3, 2019 5:22:06 PM

If I relinquish the ownership of my timeshare, can I write it off as a loss? Do I write off just the purchase price or can I write of the interest and dues, too?

I  may relinquish ownership in 2019, i.e., NOT in 2018.

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1 Replies
Expert Alumni
Jun 3, 2019 5:22:07 PM

Unless you used the timeshare as a rental in addition to personal use, your loss would be considered a personal loss and would not be deductible.  The following provides additional information about timeshare property losses. https://ttlc.intuit.com/replies/5339387