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Original Message:
Transfer on The Spot (by Dr. K.):
jayjay wrote:Once again, ignorance raises it's ugly head. This has been discussed in detail with lots of direct quotes from IRS publications, regulations and forms. Why do some idiots persist in denying what is written by the IRS?One more time, what you're doing is illegal. The so called donor can't deduct this bogus donation. The timeshare is worth zero .... you can't deduct $5000 on a zero worthy timeshare.You will be caught by the IRS for telling lies and the people that believe your BS will be caught and billed back taxes plus interest on that bogus $5000 deduction.
And, if the timeshare is then put in your organization's name and you don't pay all future maintenance fees and possible special assessments then those resorts will come after you OR it's very possible that you don't transfer the deed out of the socalled donors name at all and the donor will still be responsible for all future fees plus they'll be out $500 that they socalled donate to you .... you're a scam like all other timeshare scams out there.
To others wanting to know the truth, please review the other forum title "Getting rid of your timeshare".
As for jayjay and others of similar mental deficiency, either learn to do your own research to back up your asinine assertions or accept what is written by those that do provide direct research to those needing the information.