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Re: Successful Resales & Rental Feedback Wanted (by Mary Anne K.):

peterp151 wrote:

That is a challenge where members are not able to PM each other, and i understand your concern. But since I was once accused of making false statements about what I sold and the only way to prove to all people in the thread I did what I claimed was to meet the challenge presented to me by posting my last name, name of resort, and date of recording, I don't know of a better way for all parties to know for certain than providing the public info about what was recorded. I appreciate your idea about the fax number, but there's to much risk of fax spam, and no one else would be able to see for themselves if the info was accurate.

I'll just hold my opinion that anyone who says you can deduct the loss on a timeshare which they sold for $9,000 in a market where I perceive the resale value to be closer to $1-$6k is not making a statement I can believe, especially when the IRS rules clearly demonstrate it is unlikely the vast majority of timeshare owners can legally deduct a timeshare loss on their returns.

OK Peter, here's the info you asked for. My last name is Kalbfus (honest, this is not a fake name) The closing date was 3/31/2009 and it was handled by First American Title Insurance Company.

As to the tax issue, I guess I'll have to contact my tax preparer and get this issue straightened out. As I said before, I questioned it at the time, but was assured that this was a legitimate deduction.