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Discussion Forum Index --> Tax Questions --> Timeshare Loss
XZiler8r (talk|edits) said:
| 14 April 2007
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| This new client lost 12K on a timeshare property. He had to get rid of it. I put it on Sch D w/ 0 at sales price, 12K basis. The loss isn't flowing over to the 1040, is there any specific reason?
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Kevinh5 (talk|edits) said:
| 14 April 2007
|
| the loss was personal, shouldn't be allowable as a deduction.
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XZiler8r (talk|edits) said:
| 14 April 2007
|
| Thought so (this was a question by my sister, and thast what I figured, sch d=investment opportunities, timeshare that wasnt an investment = sorry about your luck)
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