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Timeshare sale

flapmyarms

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We sold a timeshare for a loss in 2005 . We're wondering which federal tax form might be best for this. Anybody know?? :confused:
 
Last edited:

Bill4728

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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?? :confused:
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.

Good Luck
 
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