Question

Timeshare Points Exchange - 1099-S

Forum|Forum|1 year ago
March 8, 2025
1 reply
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Where in Turbotax Premier do I enter a non-taxable exchange related to a timeshare? I "sold" my existing timeshare points and purchased additional timeshare points, using the value of the old points as a credit towards the additional points purchase. I made no profit on the exchange, but received a 1099-S for the transaction.

AmyC

A timeshare is considered a second home so you enter the sale as though you sold the home. Keep track of your records to show your basis in the new property. See Where do I enter the sale of a second home, an inherited home, or land on my taxes?

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