Real Estate Law
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As investment property ( property used to generate income) you are entitled to declare a business loss on the property. You should consult an accountant because it appears there was also personal use of the property.The personal use would affect how much of the gain/loss you can claim. Your tax return would need to completed properly showing the time share as an investment with investment income ( and loss). You will need to have records documenting time used for rental and time used for personal use. The expense to sell the property should also be deductible,
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