Would like to know what I am doing wrong.
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Original Message:
Re: Would like to know what I am doing wrong. (by John F.):
The charitable donation rules changed a couple of years back. You can now deduct only the ACTUAL amount the charity realized in selling it.
As most of the donate for a cause timeshares go for $100 on Ebay (not counting their $495 closing fee (very high - not part of your deduction), it is as good as giving it away for free.
PS. Same IRS rules now apply to car donations.