Treatment of timeshare rental

That crystal ball was pretty clear. Anybody who buys a timeshare with a profit motive would be better advised to spend their money on therapy (either fiscal fitness or mental fitness).

On Jan 2, 8:34 am, "Gil Faver" >>>>>>> No Income reporting.

It wasn't our first year of ownership, but I doubt that's relevant. And we have NEVER stayed there. We have only ever traded the week for a stay elsewhere, or for points to be used toward purchase of other travel opportunities.

Actually, the expenses were MORE than the rental proceeds.

I'm not interested in taking a loss. I just don't really want to end up behind cashwise, and then adding insult to injury, pay taxes on the rental income!

Sigh, so at the end of this, I'm almost where I started, other than having access to an article on the subject. Which is not bad. I'll read the article and see what I think. I'll be interested to see whether the timeshare management company sends a 1099 for the rental proceeds.