Donating our timeshare

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Original Message:

Some thoughts... (by KC):

alfredc37 wrote:
Does anyone "smell a fish" here? Or am I unnecessarily pessimistic. This is supposedlly a reputable donation outfit.
Yes, Donate for a Cause is indeed legitimate, although they have been known to dispense some grossly inaccurate information regarding tax deductions on timeshare donations. The bottom line, in truth, is that if you are giving the timeshare away for free, then the "market value" and available deduction is effectively ZERO and the tax benefit of the deduction is likewise ZERO. Period, amen. DFAC might have you falsely believe otherwise, but they are very clearly mistaken.

If DFAC is waiving their customary fees (which generally approach about $2k) , then they must believe that they can easily sell your particular timeshare. Not likely for anyhwhere even remotely near $7k, but certainly for SOMETHING (on eBay, or elsewhere).

Yes, DFAC is legitimate, but IGNORE any "tax guidance" you might get from them, as any such info it is likely completely incorrect.