Timeshare*donations | Full HD |

: Once the deed is legally transferred, the donor is no longer responsible for annual fees or assessments.

: Donors may be able to deduct the fair market value (not the purchase price) of the timeshare on their federal tax return. Note that the fair market value on the resale market is often significantly lower—sometimes as low as $1—than the original price. timeshare*donations

: For a tax deduction over $5,000, the IRS requires a qualified appraisal performed by a professional. You cannot simply use the original purchase price or an estimate from a website. : Once the deed is legally transferred, the

: If there is still a mortgage on the timeshare, the IRS may treat the donation as a "bargain sale," which complicates the tax benefits and may even result in a taxable gain for the donor. Potential Benefits : For a tax deduction over $5,000, the

Ask for high upfront "processing" or "appraisal" fees before the donation is accepted.

Claim that the donation is "100% tax-deductible" without explaining IRS limitations.