We Collect Timeshares, LLC

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Re: We Collect Timeshares, LLC (by Mike N.):

michaelb780 wrote:
...I was not able to deduct the loss on my income taxes as they said I could. The income tax deduction was what made it worthwhile to me.

I was always under the impression that a person cannot take a tax deduction when selling a TS at a loss if the TS for personal use. Are there any times when a "loss" can be declared (i.e. rented for less than the MF)? Even the amount of the charitable deduction when donating a TS or a week seems to be open for discussion.