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01/17/2019

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FrankO

How do you account for assets with a Capital loss like a Timeshare week that was purchased for $5,000 in 1985 and can't even be given away for free in 2019?... which you have used and for which you have paid homeowner dues and property tax over the years. Do you simply deduct the $5,000 initially paid from your wealth/net worth?

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