Time shares

[cruiser626]

How is the sale of a vacation time share treated.  The taxpayer had a loss in the sale.

[dkh]

Here is one answer I found when I Googled " how to report sale of timeshare on tax return"..... 

Is loss on sale of timeshare tax deductible?

Because the IRS classifies a timeshare as a personal use property, when you sell it at a loss you cannot deduct the loss. However, if you sell it for a profit, you have to report the profit. In fact, you will receive a 1099 form that reports your sale proceeds to you and to the IRS.

of course, I'd do some more research at irs.gov rather than take that as gospel

[IRonMaN]

What do you mean Googled?  How do I find that?

[dkh]

I had my 12yr old grandson help me..🤣😂😂