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?
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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