Timeshare*donations -

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

Guarantee a specific tax deduction amount before seeing the property. timeshare*donations

The timeshare exit industry is rife with "donation" scams. Be wary of organizations that: : Once the deed is legally transferred, the

: For those who cannot sell their unit, donation provides a legal way to transfer the title and end the contract. Warning Signs & Scams Be wary of organizations that: : For those

: 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

: 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.