Looking to sell my timeshare

[Special Effects Group]

"Not paying up front to sell" bunkum...

After 6 years of advertising, i couldn’t give this away, not even to a charity, and i offered them $1000 as well to do all the paperwork....

I ended up with a nice charity taking mine with all legal paperwork, cost me closing and $800... no timeshare now... and i can claim tax back on the "donation" i gave them.

[T. R. Oglodyte]

"Not paying up front to sell" bunkum...

After 6 years of advertising, i couldn’t give this away, not even to a charity, and i offered them $1000 as well to do all the paperwork....

I ended up with a nice charity taking mine with all legal paperwork, cost me closing and $800... no timeshare now... and i can claim tax back on the "donation" i gave them.

FYI - the donation you can claim for what you give to a charity is what the value is in the open market. If you couldn't give it away, then there is no value and hence no deduction.

If have a friend who is a retired IRS tax auditor - he tells me that when they do an audit one of the areas they focus on is charitable deductions. It's pretty easy for them to look at and if they find problems there that is one of their red flags to start probing deeper into other areas of the return that are more complex.