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RCI Member Since 24-Aug-1989/150-plus Exchanges***THE TIMESHARE GRIM REAPER~~~Exchanging/Searching/SW Florida/MO/AR/IA/Consumer Advocacy/Estate Planning/Sports/Boating/Fishing/Golf/Lake-living/Retirement****Sometimes ya just gotta be a dick -
For anybody seriously thinking of this, note a key sentence from the person who is touting this "great" plan:
So basically, that person is committing tax fraud (an inflated appraisal to write off a loss on their taxes). Plus, I think you can't even write off a legitimate loss of a timeshare in most cases, correct?When I file taxes I plan on including that and hopeing I will get back 5000 or more because it was appraised and that will cover the 2800.00 total I had to spent to donate it.
Just sayin'...
Kurt -
Correct on the loss statement. Writing off $ 5k or more for a timeshare donation will probably trigger an audit.Comment
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