My timeshare is a big fat tax liability
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Re: My timeshare is a big fat tax liability (by R P.):
If you're just wanting to get rid of it, you can put it on Ebay for $1. If it's a desirable week in a desirable resort, you will more than likely sell it for $1.
If you just want to give it away, you can give it to a charity.
Yes, timeshares are liabilities money wise. They depreciate the minute you buy from the developer.
And even resales, with yearly rises in maintenance fees and possible special assessments, are a liability. If you don't use your timeshare or exchange it, it's more of a liability than ever.