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Dave CPA
Dave CPA, Accountant
Category: Tax
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Experience:  Vast knowledge within the accounting/tax industry
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I understand a timeshare is a personal asset and cannot take

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I understand a timeshare is a personal asset and cannot take a capital loss to offset cancellation of debt
Thanks for the positive rating and bonus. You are correct a timeshare is a personal asset and you can not deduct a loss on a personal asset. Regards Dave
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