Timeshare

[DianeW777]

We'd love to help you complete your tax return, but need more information. Can you please clarify your question?

1. Are you selling your timeshare?
2. Are you renting your timeshare?

[4831]

I’m sorry I don’t know how this posted blank.  My question is I sold a timeshare this year.  When we purchased the timeshare, we were given a developers credit.  The price of the timeshare was $6500, and we got a developer credit of $500.  So do I put the purchase price at the $6500 or do I need to put  $6000 to take off the developer credit?

[RobertB4444 · Accepted solution]

The amount that you paid for the timeshare is the actual cash that left your bank account.  In your case the price was reduced by $500 for a credit so you paid $6000.  That is the amount that you need to use for the purchase price.

@4831