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  • Mar 21, 2010, 09:05 PM
    mayf5
    Accounting questions and answers
    I bought a timeshare five years ago for $17,000. I sold it last year for $8,000. May I write the loss of $9,000 off my taxes entirely or do I have to take the loss in increments?
  • Mar 27, 2010, 05:00 AM
    ROLCAM

    Timeshares are usually bought for
    Holidays.
    This sounds like a personal expense for private purposes.
    On this assumption the loss cannot be written off your taxes at all.

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