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Re: Getting rid of your timeshare (by R P.):

From a very reputable CPA, a Tug (Timeshare User's Group) advisor/moderator, and an expert in the field of timeshares, charities and tax deductions:

“Should I donate my timeshare to charity?” That often translates to, “I can’t sell my timeshare and have been told the tax benefit may exceed the sales price on the open market.” The answer is "Yes!", if you have a charitable motive and "No!", as it relates to that expected tax benefit.

If donating a deeded timeshare, the deductible contribution amount will normally be equal to the Fair Market Value (FMV) on the date of donation. That’s the price that an arms-length buyer and seller in the timeshare resale market would agree upon, not what the developer is charging for that same week".

I REST MY CASE .... THE FAIR MARKET VALUE OF A TIMESHARE BEING DONATED TO YOU IS ZERO .... ONE CANNOT DEDUCT $5000 ON A WORTHLESS TIMESHARE. HOW MANY TIMES DO I HAVE TO STATE THIS TO YOU. YOU WILL BE CAUGHT EVENTUALLY FOR TELLING LIES AND YOUR CLIENTS WILL BE BILLED BY THE IRS FOR BACK TAXES PLUS INTEREST IF THEY DO BUSINESS WITH YOU.

AS I STATED, NO REPUTABLE CLOSING COMPANY WOULD TOUCH YOU AND YOUR BUSINESS WITH A TEN FOOT POLE.