Skip to main content
April 5, 2024
Question

Where do I report a 1099s,from a timeshare transaction?

  • April 5, 2024
  • 1 reply
  • 0 views
the income on my 1099s is a partial refund of the purchase price. the building was condemned.

1 reply

April 10, 2024

You will report the sale of timeshares as the sale of an investment.

 

If you sold the vacation timeshare at a loss, and you had personal use of the property, the loss would not be deductible.

 

  1. Scroll down the screen until you come to the section “Investment Income”
  2. Choose “Stocks, Mutual Funds, Bonds, Other” and select “start’ or click "Add Investment" if you have already worked on this section
  3. Continue. When you see a list of brokerages for import, click Enter a Different Way
  4. The next screen has a list of investment types. Click on Other / 1099-S, which includes second homes

See this help article for more information.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"