selling points (timeshare)tax question Please help!!!

[JMLBrats]

has anybody ever sold their timeshare and used H&R online? In What part of the interview did you record the sale & cost basis info?
Thanks!

 

[lisa3635]

I don't know where you specifically enter it on that software but you would report it on Schedule D (sale of capital assets.)

 

[chalee94]

just remember that owning a timeshare is like gambling: if you come out ahead, the irs is happy to tax the gain...but if you lose money, you can't deduct anything.

 

[JMLBrats]

Thanks for the help. Also is the disposition type personal use property. Thanks in advance.