Originally posted by JLB
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If he/she has held the timeshare for 13 years, for the sole purpose of flipping it, and has never used it, and has rented it out, and has paid fees, when they sell it, their capital gain or loss would be the amount they sold it for plus the amount they have rented it out for over the years, minus all fees, minus what they paid for it.
If I'm not mistaken, there is limit to the amount of capital loss that can be taken, and you carry forward the balance. I believe we have a little more carried forward that we can use for 2016.
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