View Full Version : Lose on a timeshare resale
cgreentreesr
Nov 28, 2006, 02:56 PM
We will be selling an unused timeshare back to the seller at a lose ( we owned it for 5 years). Can we claim the lose?
AtlantaTaxExpert
Nov 28, 2006, 06:15 PM
No. Timeshare is considered a personal residence, and you can NEVER claim a capital loss on a personal residence.
PO1950
Dec 4, 2006, 06:46 PM
We will be selling an unused timeshare back to the seller at a lose ( we owned it for 5 years). Can we claim the lose?
Personal losses are not deductibles