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    cgreentreesr's Avatar
    cgreentreesr Posts: 1, Reputation: 1
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    #1

    Nov 28, 2006, 02:56 PM
    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?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    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's Avatar
    PO1950 Posts: 2, Reputation: 1
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    #3

    Dec 4, 2006, 06:46 PM
    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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