Solved: Purchase club membership in 2001 for $15,000 and sold in 2016 for $7500

Purchase club membership in 2001 for $15,000 and sold in 2016 for $7500

received 1099-B for $7500

received letter documenting original $15,000

posted

Unless this membership was part of a trade or business, it's a personal loss than can't be deducted from your taxes. In that case there's nothing to report.

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Unless this membership was part of a trade or business, it's a personal loss than can't be deducted from your taxes. In that case there's nothing to report.