Time Share

[Bird Legs]

Client purchased a time share about 5 yrs. ago for approx. $6,000.
Client sold it in 2006 for $10.
Is this a deductible capital loss subject to the $3,000. a yr. deduction?
Or is this a personal loss and not deductible?
The time share was not the principal residence nor was it rented out to any one else.
Thanks

[Bees Knees]

Since it was used for personal recreation, a loss is not deductible. No different than selling your personal use car at a loss.

[Bird Legs]

Thanks Bees

Of course, every time share that is sold by an individual will generally be sold at a loss.