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Can You Deduct the Loss on the Sale of a Timeshare?

In normal circumstances the loss on the sale of a timeshare is not tax-deductible because most people buy timeshare for personal use and not as a commercial investment. However, if you have been using your timeshare for rental purposes for a long time, you may be able to show it as a business investment, which makes you eligible for tax deduction. Furthermore, if you have used the timeshare initially for personal use, but after a few years you have been renting it out to others, you are still eligible for tax deduction, but the fair market value of your timeshare will be computed from the date when the property began to be used for commercial gains. For more info, read Timeshare Tax Info if You Sell Your Unit.