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Article Date:
January 2013


Word Count:
357

 

 

Tax-Deductible Loss on Sale of Timeshare


Question

 

Five years ago, I invested in a type of timeshare deal. I paid $12,000 for one week in any of more than 50 locations at any time of year.

 

Now I wish to sell, and I apparently can get only $5,500 net after commission to a broker. Can I claim this as a tax-deductible loss?

 

Answer

Maybe, maybe not.

 

The timeshare rules are tricky! First, you must look at your five-year holding period and determine if this is

 

·

a business timeshare investment,

·

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