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Re: It DOES sell with Redweek's suggestions! (by Carvan A.):

"I don't see why you are so sour about her sale that you have to try to twist the tax implications like that."

You sure misread my post to conclude I am sour about anyone successfully selling their timeshare. I am a Marriott Timeshare owner myself and I am glad that Marriott has a successful resale program that the rest of the industry should copy. Their 40% commission is excessive but it at least provides a way to sell a timeshare that is not available to most timeshare owners.

I am glad she was able to sell through this program. My point and apparently poorly made is that the IRS will look at her gross sales price and not her net when determining a gain or loss on the property. She certainly can and should mitigate this gain by deducting all allowable expenses but my point was that a Form 1099 will go out in any event. Pointing that out is not because I am sour at her success but because it is a fact. In my line of work we often settle debts for less than the amount owed and the debtor is later surprised to receive a Form 1099 reporting the difference between what they owed and the settled amount as a gain. I don't think it is being sour or raining on their parade to tell them in advance that they will be receiving a Form 1099. I am sorry you viewed my post as "sour" as that was not my intent.