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-   -   Lose on a timeshare resale (https://www.askmehelpdesk.com/showthread.php?t=45418)

  • Nov 28, 2006, 02:56 PM
    cgreentreesr
    Lose on a timeshare resale
    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?
  • Nov 28, 2006, 06:15 PM
    AtlantaTaxExpert
    No. Timeshare is considered a personal residence, and you can NEVER claim a capital loss on a personal residence.
  • Dec 4, 2006, 06:46 PM
    PO1950
    Quote:
    Originally Posted by cgreentreesr
    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

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