We have sold multiple timeshares during 2016, taking a loss on all of them. How do we get a deduction for our losses?

[RichardG · Accepted solution]

If these timeshares are for personal use, the losses cannot be deducted.

If you were renting out your timeshares for profit, and depreciating your interests, you can claim a loss to the extent the net sale proceeds are less than your adjusted basis.