My husband sold a timeshare last year. He got it in a divorce settlement from his exwife. We filed our taxes and reported the loss, but do we need to file state taxes or anything in the state the timeshare was located in (Hawaii)? We live in Texas and have lived here for several years. I told him I thought the taxes on timeshares didn’t have much to do with income tax, but does anyone know what to do? We asked two tax preparers who did not know.
My wife and I are headed to Hawaii for our anniversary and would like to go to a timeshare vacation promotion in Kona. They usually will give discounts to helicoptor rides etc, if you sit thru one of their seminars. Any suggestions?