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You seem to be a little bit sensitive
Anyways, just to let you know so no assumptions are made, we are NOT a charity nor claim to be. Most charities are unwilling to even accept a timeshare as a donation. Charities are not equipped to handle deed transfers, closing costs and legal work. They don't have any more luck selling them then any other owner and when they fail to sell the charity becomes responsible for burdensome maintenance fees, special assesments and taxes. This is where our expertise is greatly appreciated. We do the work and the charities get the proceeds of the sale. You are allowed to deduct the "Fair Market Value" of the timeshare on your taxes if you itemize your tax return. Once the transfer of ownership to the charity is complete, your chosen charity will send you a receipt as proof of your donation. The receipt usually will not have a value on it - the fair market value is determined by you and your tax preparer, but you must get an appraisal for the timeshare if you decide to claim the fair market value of the timeshare above $5,000. Note that appraisals for timeshares can be quite expensive with most costing more than $500. If you need to get an appraisal for tax purposes, get it in writing that the appraiser will guarantee their appraisal amount for the timeshare in tax court. You can read more information regarding charitable donations at the IRS Website. Timeshare owners also frequently want to know if they can donate the use of the timeshare for one week to charity. This tax question usually arises when for some reason the timeshare owner is unable to use or rent out their week and will lose it. Unfortunately, the Internal Revenue Service doesn't allow a deduction for a gift of "right to use" Rental.
Anyways, just to let you know so no assumptions are made, we are NOT a charity nor claim to be. Most charities are unwilling to even accept a timeshare as a donation. Charities are not equipped to handle deed transfers, closing costs and legal work. They don't have any more luck selling them then any other owner and when they fail to sell the charity becomes responsible for burdensome maintenance fees, special assesments and taxes. This is where our expertise is greatly appreciated. We do the work and the charities get the proceeds of the sale. You are allowed to deduct the "Fair Market Value" of the timeshare on your taxes if you itemize your tax return. Once the transfer of ownership to the charity is complete, your chosen charity will send you a receipt as proof of your donation. The receipt usually will not have a value on it - the fair market value is determined by you and your tax preparer, but you must get an appraisal for the timeshare if you decide to claim the fair market value of the timeshare above $5,000. Note that appraisals for timeshares can be quite expensive with most costing more than $500. If you need to get an appraisal for tax purposes, get it in writing that the appraiser will guarantee their appraisal amount for the timeshare in tax court. You can read more information regarding charitable donations at the IRS Website. Timeshare owners also frequently want to know if they can donate the use of the timeshare for one week to charity. This tax question usually arises when for some reason the timeshare owner is unable to use or rent out their week and will lose it. Unfortunately, the Internal Revenue Service doesn't allow a deduction for a gift of "right to use" Rental.
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