flapmyarms
TUG Member
We sold a timeshare for a loss in 2005 . We're wondering which federal tax form might be best for this. Anybody know?? 
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Timeshare sale
- Thread starter flapmyarms
- Start date
Bill4728
Moderator
I'm sorry but you can not take a loss on a timeshare sale. It like a car. So you bought a car in 2002 for $20K and sold it in 2005 for $10k, you can not take a loss on your taxes for that, the same is true for timeshares.flapmyarms said:We sold a timeshare for a loss in 2005 . We're wondering which federal tax form might be best for this. Anybody know??
Good Luck
flapmyarms
TUG Member
Too bad. Thanks for the info!