timeshare disposal

[wayne]

taxpayer paid a company 2500 to rid themselves of timeshare. Can the 2500 paid
for disposal of the timeshare be a deduction?

[gkaiseril]

In general timeshares are considered a personal asset, commission for sale of timeshare ownership and the purchase cost of the timeshare is a personal loss and no loss is allowed. The timeshare ownership is considered a personal asset.